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In the EU an estimated €6.7 bn was lost in 2000 due to impacts on arable crops.
He added: "But to ignore the IPCC's scientific findings would lead to impacts that impose larger costs than those required today to stabilise the Earth's climate".
"Inshore coral reefs have continued to improve since 2011-2012 when their condition reached its lowest point due to impacts by repeated disturbances.
The Ikea Foundation, the charitable arm of the family-owned group, would invest €400m by 2020 in supporting families and communities in nations vulnerable to impacts of climate change such as floods, droughts and desertification.
But last year just 16% of the climate aid money was used to help the world's poorest countries adapt to impacts such as flooding, drought and other severe weather events.
As the largest planet in our solar system, Jupiter is no stranger to impacts.
The dark material seems to be related to impacts and their aftermath.
The company says that "$45 million or negative $.01 per share (pre-tax) was related to impacts from Hurricane Sandy".
Thermally sprayed coatings are frequently subjected to impacts by small solid particles which induce surface erosion.
The solar system's heaviest planet, Jupiter is prone to impacts, but astronomers had been expecting centuries-long intervals between them.
"They are also right to draw attention to impacts that are harder to quantify - such as housing and congestion".
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