Extreme weather caused $129 billion in losses last year

PARIS - Extreme weather caused about $129 billion in economic losses last year, said a report Tuesday that warned the bill will keep climbing as climate change boosts droughts, storms and floods.

There was a 46 percent increase in weather disasters from 2010 to 2016, with 797"extreme" events recorded last year, according to research published in The Lancet medical journal.

These "resulted in $129 billion in overall economic losses" - a figure roughly matching the budget of Finland.