A report by UK-based NGO Christian Aid states that extreme weather events in 2025, including heatwaves, wildfires, droughts, and storms, cost the world over $120 billion. The report attributes these escalating costs to continued fossil fuel expansion and political delay, noting that the true financial and human costs are likely higher than insured losses. The US, particularly California with its wildfires, bore the largest financial impact, followed by cyclones and floods in Southeast Asia and devastating floods in China.