The world continues to count the heavy cost of climate disasters, as just 10 such events of heatwaves, wildfires, droughts and storms cost a seismic $120bn (€101bn) this year, a new report has found. The ‘Counting the Cost 2025’ report from Christian Aid said the cost of climate inaction was clear from the devastation being wreaked by extreme weather events across the globe, with every region being impacted by climate change. The charity’s report identifies the climate events that caused the most damage, including devastating British wildfires, extensive droughts in Canada, typhoons in the Philippines and record-breaking fires across Spain and Portugal. While the financial cost may not have been as high in some of the world’s poorer regions, the charity said extreme weather events had a disproportionate impact on countries in this place. Countries also in the report as having had significant extreme weather events in the last year included Scotland, Brazil, Australia and Japan.

Source: Irish Examiner December 27, 2025 11:30 UTC