The cost of doing nothing: the humanitarian price of climate change and how it can be avoided

A new report by the world’s largest humanitarian network warns that the number of people needing humanitarian assistance every year as a result of climate-related disasters could double by 2050. The Cost of Doing Nothing – published by the International Federation of Red Cross and Red Crescent Societies (IFRC) – estimates that the number of people in need of humanitarian assistance as a result of storms, droughts and floods could climb beyond 200 million annually – compared to an estimated 108 million today. It further suggests that this rising human toll would come with a huge financial price tag, with climate-related humanitarian costs ballooning to US$20 billion per year by 2030, in the most pessimistic scenario.