Climate change could add around $100 billion to costs of extreme weather

LONDON (Reuters) - Climate change could add around $100 billion (77 billion pounds), or more than 20%, to the global cost of extreme weather events such as floods, heatwaves and droughts by 2040, research from Cambridge University showed on Wednesday.The findings come from the university's Climate Change Business Risk Index, which uses climate modelling data to quantify extreme weather event risks and their potential to disrupt business operations and supply chains globally. Average direct costs..