Whether measuring the height of a mountain or the size of the GDP, we need a similar kind of statistical consistency.
Wondering about weather and climate disaster worries, we can look at how the numbers are trending for billion dollar events.
Looking at the past, we can plan for the future by being able to quantify disaster costs that range from hurricanes to drought.
Looking at the economic impact of past costly disasters can help us develop policies that target where and how Covid-19 will affect us.
To determine the disaster cost of weather and climate events, the U.S. government has to decide what to include and how to assess the value.