In 2024, the cost of storms and cyclones alone was more than US$400 billion. Some 58 weather disasters around the world had damages totalling more than a billion dollars. Increasingly, these events are happening back-to back in a phenomenon known as “weather whiplash”. These weather events are making insurance unaffordable or unavailable in many advanced economies and exacerbating inequality for developing and emerging economies.
In this interview and podcast with ABC’s Late Night Live broadcast on 20 February 2025, Professor Paula Jarzabkowski explains the implications, not only for the wealthiest economies, but also for those that can see their entire annual GDP wiped out by a single storm, and consider what we might do to address the problem.
