This new paper -- FF19 -- should put to rest any further debate over declining disaster losses as a % of GDP as I've reported and as appear in The Lancet today.
doi.org/10.1016/j.gloe…
Great stuff.
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Why are these trends in decreasing losses as percent of GDP occurring?
This new paper provides a comprehensive and unassailable answer:
Formetta & Feyen 2019. Empirical evidence of declining global vulnerability to climate-related hazards. GEC 57.