2024 set to become hottest year on record with temperatures rising above 1.5C

2024 is on track to be the hottest year on record, with an average global temperature expected to reach 1.60C above preindustrial levels. This marks the first time a year will exceed 1.5C, according to the EU’s Copernicus Climate Change Service. November's average temperature was recorded at 1.62C above preindustrial levels. The data shows that extreme weather events, including intense wildfires and severe storms, have increased in frequency and intensity this year. Economic losses from climate-related disasters are estimated at $320 billion in 2024, a 6% rise from the previous year. Less than half of these losses were insured, highlighting the growing impact of climate change on vulnerable populations.