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International

Annual cost of natural disasters likely to surpass $17 billion by 2050: Official

June 22, 2017 Reprints

Mal Cronstedt, executive director at Western Australia's Office of Emergency Management, said that the forecast annual cost of natural disasters in the country is set to rise to about $23 billion Australia ($17.4 billion) by 2050 from AUD 6.3 billion, The West Australian reported. The severity and frequency of storms, floods, heatwaves, cyclones and bushfires is likely to grow in the future, Mr. Cronstedt said.

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Annual cost of natural disasters likely to surpass $17 billion by 2050: Official

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