Climate Debts

Why It Matters

Every year our planet is getting warmer. 2024 was recorded as the hottest year since temperature record keeping began in 1850. The ten warmest years since 1850 have occurred in the last decade, between 2015 and 2025. We are causing this. The greenhouse gases produced by our industries and fossil fuel burning, as well as deforestation, have led Earth to absorb energy at a faster rate than we can dissipate. If this damage isn't controlled now, and temperatures rise to cross the 1.5 degree Celsius threshold, our ecosystem might be beyond repair. By 2070, 1 billion people could face unlivable heat. Children born today are at risk of facing at least 2 to 7 times more climate disasters than those born in 1960.

Climate change isn’t just an environmental crisis it is also a financial one. Every year, we lose over $200 billion globally to wildfires, floods, droughts, and rising seas. Since you opened this page these natural disasters are already costing the global economy an estimated:

Source: Swiss Re Institute (2024) — ~$200 billion/year in economic damages and losses