Ten major floods over the last two years have led to total losses of around US$248 million. Read more at straitstimes.com.
NELSON, New Zealand - Increasingly severe floods driven by climate change could soon cost New Zealand as much as destructive earthquakes, a study warned on Wednesday .Experts have warned that climate change could make flooding"as destructive to New Zealand as earthquakes", according to Wednesday's report.
"New Zealand will see an increase in both the frequency and severity of weather events due to climate change," Munich Re Australia managing director Scott Hawkins said. Flooding has wreaked havoc in South Island communities in recent years, with Prime Minister Jacinda Ardern warning that flood-prone areas are not ready to cope with the climate crisis.
But that figure pales in comparison to the devastation caused by the 2011 Canterbury earthquake, which damaged the country's second-largest city of Christchurch and claimed 185 lives.
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