Property Damage

Property damage refers to the destruction, harm, or loss incurred by physical structures, assets, or properties due to various climatic hazards and risks associated with weather patterns, changes, and extreme events. It encompasses the financial and physical impact on buildings, infrastructure, homes, businesses, and other assets caused by climate-related phenomena.

Climate risks include a wide range of natural disasters and environmental changes intensified or influenced by climate change:

1. Extreme Weather Events: Such as hurricanes, tornadoes, floods, wildfires, storms, heatwaves, and heavy rainfall, which can cause damage to buildings, infrastructure, and agriculture.

2. Rising Sea Levels: Leading to coastal erosion, inundation of coastal areas, and damage to properties located in low-lying regions.

3. Temperature Changes: Extremes in temperatures affecting agriculture, infrastructure, and human health, leading to increased energy consumption or infrastructure failure.

4. Changes in Precipitation Patterns: Resulting in droughts or heavy rains, impacting agriculture, water resources, and infrastructure.

5. Melting Ice Caps and Glaciers: Contributing to changes in water availability, affecting ecosystems, and potentially leading to infrastructure damage.

Mitigating property damage from climate risks involves strategies such as improved urban planning, building resilient infrastructure, implementing better land-use policies, reinforcing structures against extreme weather events, and adopting sustainable practices to reduce vulnerability to climate-related hazards.

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Property Damage Data Analysis

The amount of damage to property, crops, and livestock is shown in the dataset. The estimated damage are given in US$ ('000). For each disaster, the registered figure corresponds to the damage value at the moment of the event, i.e. the figures are shown true to the year of the event.

Sample Data

Entity	Year	Total economic damage from natural disasters
All Disasters	1900	30000000
Drought	2015	21917299000
Earthquake	2008	85796000000

Link for this dataset: https://ourworldindata.org/grapher/economic-damage-from-natural-disasters?time=earliest..2023#explore-the-data

Dataset can be accessed here: https://drive.google.com/file/d/1-Bm7IDtHBC5OD8ZdzLej4K87WbMtnNZT/view?usp=drive_link

Economical Damage from 1900-2023 due to Natural Disasters

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Economical damage caused from 1900 to 2023 for each Climate risk

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Reference

1. https://ourworldindata.org/grapher/economic-damage-from-natural-disasters?time=earliest..2023