Global: Natural disaster costs set to rise sharply

A new report by the World Bank and the UN says the cost of coping with natural disasters could triple to US$185 billion per year by the end of the century. The report - compiled mainly by economists over two years - said the projection did not include climate change impact costs. But added more frequent and intense tropical cyclones because of climate change could raise total costs by an additional $28-$68 billion a year by 2100.