Environmental damage has cost Norway over 30 billion kroner since 2008


Climate costs are rising for Norway. Since 2008, climate and weather-related damage has cost the country over 30 billion kroner, according to a new Finans Norge report.

Statistics dating back to 1980 show that costs for environmental degradation have been particularly high in recent years.

Six of the ten worst years of environmental damage have occurred over the past eight years. The worst registered in the Norwegian Natural Damage Pool was in 2011 and that cost almost 3 billion kroner.

“The figures show that natural damage is occurring more often than before and is affecting more people,” said Hege Hodnesdal, director of non-life insurance in Finance Norway.

The damage applies to buildings, homes and businesses. In addition, there is damage to cars, boats, public property and infrastructure.

© NTB Scanpix / #Norway Today

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