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China Sees $2.6 Billion Loss on Climate-Linked Storms, Sea Level

China, the world’s biggest emitter of greenhouse gases, estimated the direct economic loss from rising sea levels and storm waves linked to climate change last year increased to the highest level since 2008.

The loss reached 16.3 billion yuan ($2.6 billion), compared with a 10-year average of 15.1 billion yuan, data from the State Oceanic Administration showed. Storm waves caused 94 percent of the damage, the administration said, with 121 people killed.