Average infrastructure loss of $850 billion per year due to climate change: CDRI report

Climate change is causing an annual average global loss of $850 billion in the infrastructure sector, putting 14% of GDP growth at risk, according to a report by the Coalition for Disaster Resilient Infrastructure (CDRI). The report highlights the problems faced by the Global South and its poor infrastructure governance. It also reveals that high-income countries account for 67% of global infrastructure assets, while middle-income countries face the highest relative risk.