World 14.11.2016 02:50 pm

Natural disasters drive 26 million into poverty annually

Partial view of the coastline of Santo Domingo, near the Port of Haina on October 3, 2016 as strong winds and rain are expected in the next few hours in Dominican Republic.
Hurricane Matthew claimed its first victims, officials said Monday, leaving one dead and one person missing in Haiti as it churns through the Caribbean as the most menacing storm in nearly a decade. / AFP PHOTO / Erika Santelices

Partial view of the coastline of Santo Domingo, near the Port of Haina on October 3, 2016 as strong winds and rain are expected in the next few hours in Dominican Republic. Hurricane Matthew claimed its first victims, officials said Monday, leaving one dead and one person missing in Haiti as it churns through the Caribbean as the most menacing storm in nearly a decade. / AFP PHOTO / Erika Santelices

Those numbers will be driven up in the coming decades as climate change amplifies the destructive power of cyclones, flooding and drought.

Natural disasters drive at least 26 million people into poverty each year and cause more than 500 billion in lost consumption, far exceeding the value of damage to property alone, according to a World Bank report released Monday.

Those numbers will be driven up in the coming decades as climate change amplifies the destructive power of cyclones, flooding and drought, said the report, released on the margins of high-level UN climate talks in Marrakesh.

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