Alexander Lewis
Apr 22, 2024
In recent years, with climate change increasing, many countries around the world are facing humanitarian crises and are experiencing conflict and poverty, exacerbating existing crises in vulnerable communities around the world. With the increase in environmental events, many states are struggling with the devastating effects including the financial crisis.
Regulators have been warning about climate change undermining the risk and stability of the financial system. With the increase in catastrophic environmental events such as floods, hurricanes, landslides and other events, buildings, agriculture and human health are also affected.
According to NewsChannel 21 (KTVZ), there are 10 states ranked according to the total expected annual financial losses per person due to major environmental events. They are as follows:
1. Louisiana: A southeastern US state on the Gulf of Mexico faces most of the damages due to hurricanes, riverine and coastal flooding causing more than 20% more damage than second-place South Dakota ($456 per person).
2. Ohio and New York State: Both of the states are expected as safe from natural occurring, but there is a little damage of $64 to $69 that happens.
3. New Jersey: The most densely populated of all 50 US states and is situated at the centre of the Northeast megalopolis; New Jersey is at the highest risk of getting hit by coastal flooding causing damage of $68 per person.
4. Dakotas: Due to cold freezing weather, hail and ice storms the winters in Dakotas both South and North are ranked as the second and sixth for most damages per person.
5. California: With the risk of both earthquake and drought the residents of California are at a risk of losing $335 per person.
6. Nebraska: Nebraska residents will face losses of $91 per person, due to the threat of hail storms.
7. Florida: Along with Florida, several states, including Louisiana and South Carolina, are at risk of more than $300 per person in damage from the hurricane.
8. Oregon: With 4.2 million people, Oregon is the ninth largest and 27th most populous U.S. state facing the highest risk of being affected by landslides with losses of $9 per person.
