Is storm damage getting worse?

On a global level, the University of Colorado’s Roger Pielke Jr. notes that disaster losses as a percentage of the world’s G.D.P., at just 0.3 percent, have remained constant since 1990. That’s despite the dollar cost of disasters having nearly doubled over the same time — at just about the same rate as the growth in the global economy. (Pielke is yet another victim of the climate lobby’s hyperactive smear machine, but that doesn’t make his data any less valid.)

Climate activists often claim that unchecked economic growth and the things that go with are principal causes of environmental destruction. In reality, growth is the great offset. It’s a big part of the reason why, despite our warming planet, mortality rates from storms have declined from .11 per 100,000 in the 1900s to .04 per 100,000 in the 2010s, according to data compiled by Hannah Ritchie and Max Roser. Death rates from other natural disasters such as floods and droughts have fallen by even more staggering percentages over the last century.

That is from Bret Stephens at the NYT.

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