Today we focus on economic impact of climate change
Climate change is already contributing to the deaths of nearly 400,000 people a year and costing the world more than $1.2 trillion, wiping 1.6% annually from global GDP, according to a new study.
The impacts are being felt most keenly in developing countries, according to the research, where damage to agricultural production from extreme weather linked to climate change is contributing to deaths from malnutrition, poverty and their associated diseases.
The World Bank warned that if climate change isn’t stopped or slowed down, the global economy will suffer greatly.
The report, titled “Turn Down the Heat,” envisions a world that is warmer by an average of 4 degrees Celsius (7.2 degrees Fahrenheit). According to Jim Yong Kim, president of the World Bank, the report is meant to “shock [the world] into action.”
May 1, 2012 — It’s a message no one wants to hear: To slow down global warming, we’ll either have to put the brakes on economic growth or transform the way the world’s economies work. That’s the implication of an innovative University of Michigan study examining the most likely causes of global warming.
NEW YORK – In the shadow of the euro crisis and America’s fiscal cliff, it is easy to ignore the global economy’s long-term problems. But, while we focus on immediate concerns, they continue to fester, and we overlook them at our peril.
The most serious is global warming. While the global economy’s weak performance has led to a corresponding slowdown in the increase in carbon emissions, it amounts to only a short respite. And we are far behind the curve: Because we have been so slow to respond to climate change, achieving the targeted limit of a two-degree (centigrade) rise in global temperature, will require sharp reductions in emissions in the future.
The science and the economics are conclusive: doing nothing about global warming presents a far greater cost than addressing it.
Global warming, if not reversed, will consume our national resources and threaten the well-being of future generations, and volatile energy prices and more extreme weather will devastate our economy.
At BPI Campus our Progressive Agenda is:
1. People matter more than profits.
2. The earth is our home, not our trash can.
3. We need good government for both #1 and #2.
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