Climate-related extreme weather events cost the global economy more than $2 trillion over the past decade and the U.S. was the worst-affected nation, per a report published as leaders gather for the COP29 summit in Azerbaijan Monday.

A new analysis of 4,000 climate-related extreme weather events has put the worldwide cost over the past decade at $2 trillion. The US sustained the largest economic loss, according to the report commissioned by the International Chamber of Commerce,