Page 14 - NBIZ Magazine April 2021

Climate Change and

Extreme Weather

Events in Texas By Gavin Dillingham and

Marina Badoian-Kriticos

Resilient Business Solutions to Power Uncertainty

n 2020, the United States
experienced 22 natural disasters
Ithat caused damages exceeding $1
1
billion apiece. Eleven of those natural
disasters affected Texas (Figure 1).
2
Over the past 40 years, the state has
experienced extreme weather-related
disasters at a rate exceeding the
national average and has experienced
more billion-dollar disasters than any
other state. 3
Extensive scientific research
concludes that the number, magnitude,
Figure 1: Texas Billion-Dollar Disaster Events 1980-2020 (CPI Adjusted) and cost of weather disasters in the
14 NBIZ ■ April 2021