Similarly, Gurría tells us that Hurricane Sandy, which slammed into New York City in 2012, is an example of inaction on climate change, costing the United States “the equivalent of 0.5% of its GDP” each year. In fact, the US currently is experiencing the longest absence of intense landfall hurricanes since records began in 1900, while the adjusted damage cost for the US during this period, including Hurricane Sandy, has fallen slightly.