But Bjorn Lomborg rebuts: "Tremendously misleading. The number of billion-dollar disasters will of course increase as society gets richer. When corrected for increased wealth, the world and the US are not seeing increasing damages (but insignificantly *decreasing* damages)." - "Despite breathless climate reporting, the relative cost of global weather catastrophes 1990-2020 not increasing (actually insignificantly decreasing)."
Prof. Roger Pielke Jr.: "NOAA is a great agency & contributes massively to saving life and property. It is thus so embarrassing that they dabble in bad economics for media catnip and clicks. Everything you hear about 'billion $ disasters' is wrong."
Many of the world’s leading models are now projecting warming rates that most scientists, including the modelmakers themselves, believe are implausibly fast. In advance of the U.N. report, scientists have scrambled to understand what went wrong and how to turn the models, which in other respects are more powerful and trustworthy than their predecessors, into useful guidance for policymakers. ... Climate models used by next month’s Intergovernmental Panel on Climate Change report project more warming over an 1850–1900 baseline than those in a 2013 report. Scientists are using recent observed warming to rein them in.