The damage, including losses from crop failures, could be in the “mid-single-digit billions”, virtually none of which would have been insured, according to Munich Re’s estimates. In addition to the record floods last year, a prolonged heatwave and drought in China also led to water shortages and crop failures. “More needs to be done in the emerging markets to protect people and insure their growing assets against the financial shock of natural disasters – especially as weather disasters become more extreme due to climate change,” Kassow said.Ĭhina’s agricultural sector was not spared from the natural disasters. The level of insurance in China was below that for other major countries such as the US, Japan and Australia, which experienced severe natural calamities last year. The disastrous floods in Guangdong, Guangxi and Fujian provinces caused US$5 billion of losses, but only US$300 million or 6 per cent was insured, the report showed. This has implications for flood resilience measures globally. Twelve drowned as flood waters filled up the subway carriage they were trapped in.The floods that ravaged southern China in May were the fifth-worst natural global catastrophe last year, but only a fraction of the losses were insured, revealing a huge insurance gap in the world’s second-largest economy and the threat posed by climate change, according to a report by reinsurer Munich Re. The recent Henan flooding is not an isolated manifestation. In July 2021, flooding in Henan province killed 25 people. The year before was also marked by climate disasters. 0:00 / 0:00 Loaded Progress China Flood Update: Heavy rainfall and flood turns road to pond rescue operation underway Abp news By : ABP News Bureau, ABP News Bureau Updated : 11:16 AM (IST) </> China Flood Update: Heavy rainfall and flood turns road to pond rescue operation underway.Hello from Chongqing, where it is 43 degrees Celsius and the heat has literally melted the soles off my feet /dNDfeOLpZaĪverage temperatures in China over the whole of 2022 reached 10.5 degrees Celsius, 0.62 Celsius higher than average, Jia Xiaolong, a government expert told the same briefing on Monday, with mean temperatures in spring, summer and autumn at their highest on record.Īverage rainfall in China last year was 5% lower than normal, he added.Ĭampaigners said that last year’s heatwave increased public awareness of the dangers of climate change, pointing to increased media coverage.Ĭlimate attribution expert Friederike Otto told Climate Home in August: “Heatwaves in China have definitely become more common and more intense as well as longer in duration because of human-induced climate change.” Via Reuters China has been grappling with summertime floods for centuries but floods this year have also coincided with heat waves that struck the northern part of the country, where the. Local industries had to restrict operations and electricity deliveries to the eastern coast were also affected.ĭanson Cheong, a reporter from The Straits Times, said that the soles of his shoes had melted in the heat in Sichuan’s main city Chongqing while Sohu reported that a field of grapes in the province had dried to raisins in the heat. In August, as many as 267 weather stations registered their highest temperatures to date.Ĭolombia gets $70m from new global renewable integration fundĪ sharp drop in rainfall in the southwestern regions of Sichuan and Chongqing also forced hydropower facilities to cut output. “At present, global warming is accelerating… and under the impact of climate change, the climate system is becoming increasingly unstable,” Song said.Ĭhina was hit last June by a heatwave that lasted more than 70 days, damaging crops, drying up lakes and reservoirs, and causing devastating forest fires throughout the Yangtze river basin. In the middle reach, the gradient ratio and the fall-head of the midstream. China’s weather agency warned regional authorities to prepare for more extreme weather this year after record-breaking temperatures and a lengthy drought played havoc with the country’s power supplies and disrupted harvests last summer.Ĭhina’s southern regions need to brace for more persistent high temperatures and ensure that energy supplies are available to meet the summer demand peak, while northern regions need to prepare for heavy floods, said Song Shanyun, spokesman at the China Meteorological Administration, at a briefing on Monday. The floods cannot flow smoothly and freely, which can easily cause flood disaster.
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