Roughly half of Puerto Rico remains without electricity and hundreds of thousands of people along the Canadian east coast lost power this past weekend after Hurricane Fiona ripped northward.
Meanwhile, Floridians are battening down the hatches in preparation for Hurricane Ian making, scheduled to make landfall later this week.
Across the globe, Pakistan experienced a monsoon season 3X as impactful as usual, wiping out roughly 15% of its rice crop and 40% of its cotton crop.
Every new extreme weather event brings with it not only loss of life, but also significant economic loss.
Throughout the past five years, the total cost of natural disasters was $742.1 billion. That sum is more than a third of the total cost of natural disasters throughout the past 42 years, illustrating the accelerated pace caused by climate change.
More specifically, the $1.1-trillion total damage caused by hurricanes since 1980 is by far the most of any type of natural disaster.
Further illustrating a worsening situation, the average cost of hurricanes was $20.5 billion between 1980 and 2021. That cost is expected to increase to $35 billion in the coming years.
These events – and their cost – underscore the pressing state of our climate, as increasingly severe weather-related events become more common by the year.
In the United States alone, there have been at least eight weather disasters causing $8-plus billion in damages in each of the past 11 years.
There were 20 such incidents in 2021.
Unfortunately, we are past the point of prevention when it comes to events of this kind. The best course of action now is to make sure our preparedness is as high as possible.
Relatively speaking, America is better off than others in that department. That said, according to the World Meteorological Organization, one third of the world’s population still isn’t covered by an early-warning system for tropical storms.
This is particularly important when you consider the United Nations found that just 24-hours warning for an oncoming tropical storm can prevent 30% of its ensuing damage.
We’re talking about savings of up to $16 billion per year in developing countries.
In a way, early detection has become something of a beacon of hope. While we can’t stop bad weather, we can at least try to limit the damage and loss to life and infrastructure.
And that’s more important than ever in the face of such escalating threats. That’s why we’re breaking one of our own rules and revealing a formerly recommended startup to free subscribers to help further the cause.
Tropical Weather Analytics developed meteorological measurement techniques that beat anything currently in use – both in accuracy and early detection.
Best of all, it’s still taking investment.
But there isn’t much time left – this startup’s crowdfunding raise closes September 30.