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Climate change futures: health, ecological and economic dimensions

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Figure 1.7 Trends in Events, Losses <strong>and</strong> Variability: 1980-2004<br />

400<br />

350<br />

300<br />

250<br />

200<br />

a. Number of Events<br />

Storm<br />

Flood<br />

Other weather-related<br />

Non-weather-related<br />

50<br />

45<br />

40<br />

35<br />

30<br />

25<br />

c. Variability of Weather-related Economic Losses<br />

[absolute value of regression residual, $ billion (2004)]<br />

linear regression<br />

of residuals<br />

150<br />

20<br />

100<br />

15<br />

10<br />

50<br />

5<br />

0<br />

0<br />

0.8<br />

0.7<br />

0.6<br />

0.5<br />

b. Insured Share of Total Losses (by Hazard)<br />

Storm (mean = 44%)<br />

Flood (mean = 7%)<br />

Other (mean = 10%)<br />

Non-WR (mean = 9%)<br />

4000<br />

3500<br />

3000<br />

2500<br />

d. Loss Costs <strong>and</strong> Socio<strong>economic</strong> Drivers Index: 1980=100<br />

total weather-related losses (nom$)<br />

insured weather-related losses (nom$)<br />

total non-weather-related losses (nom$)<br />

property insurance premiums (nom$)<br />

GDP<br />

population<br />

0.4<br />

2000<br />

0.3<br />

0.2<br />

0.1<br />

0<br />

1980 1984 1988 1992 1996 2000 2004<br />

Trends in numbers of events (a), insured share (b), variability of insured losses (c) <strong>and</strong> <strong>economic</strong> impacts (d). Global insured <strong>and</strong> total weatherrelated<br />

property losses (US $45 billion <strong>and</strong> US $107 billion in 2004, respectively) are rising faster than premiums, population or <strong>economic</strong><br />

growth. Non-inflation-adjusted <strong>economic</strong> data are shown in relation to GDP. Data exclude <strong>health</strong>/life premiums <strong>and</strong> losses. Sources: Natural<br />

hazard statistics <strong>and</strong> losses from Munich Re, NatCatSERVICE, Premiums from Swiss Re, sigma as analyzed by Mills (2005).<br />

Figure 1.8 Grid Failures From Weather <strong>and</strong> Other Causes: 1992-2002<br />

1500<br />

1000<br />

500<br />

0<br />

1980 1984 1988 1992 1996 2000 2004<br />

25 | THE CLIMATE CONTEXT TODAY<br />

Undefined weather<br />

2%<br />

Windstorm<br />

26%<br />

Non-weather-related<br />

38%<br />

Wildfire<br />

3%<br />

Thunderstorm/lightning<br />

12%<br />

Temperature<br />

extremes<br />

1%<br />

Ice/snow<br />

19%<br />

Analysis of historical "Grid Disturbance" data from the North American Electric Reliability Council (http://www.nerc.com/~filez/dawgdisturbancereports.html).<br />

Data include disturbances that occur on the bulk electric systems in North America, including electric service<br />

interruptions, voltage reductions, acts of sabotage, unusual occurrences that can affect the reliability of the bulk electric systems, <strong>and</strong> fuel<br />

problems. NOTE: The vast majority of outages (80-90%) occur in the local distribution network <strong>and</strong> are not tabulated here. The sum of numbers<br />

is 101% owing to rounding.

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