Children next to a dry river in Sudan
Droughts and other natural disasters destroy plantations. Heat vacancies move populations. Harvest breaks lead to financial chaos. These are just a few examples of disasters that have been airs if temperatures remain climbing.
In 2014, a World Bank report, which revealed that global warming could “AGGREGATE considerably” poverty. However, more than ten years later, it is known how much – and it is more than we thought.
In 2024, the country exceeded the 1.5ºC mark. Even if this value remains at 2 ° C above pre-industrial levels, a new study reveals that this increase will already translate into a reduction of16% of the average GDP per person.
But what this one, published this week in Environmental Research Lettersreveals it is even more alarming: if the warming reaches the 4ºC, any middle class person will Improve 40%, ie losing almost half of your financial capacity.
“In the warmer future, we can expect waterfall runs in supply chainstriggered by extreme weather phenomena around the world, ”said lead author Timothy Neal.
How does the climate affect the economy? It’s simple: Without natural resources, prices climb and the economy bursts. Phenomena such as drought and lack of aquatic resources destroy essential harvests to the economy.
The poorest populations will therefore be the first victims. In the case of strong heat waves, for example, they can be so large that they will lead to mass migration. Geopolitics, the economy, people’s lives, all this is at stake.
Also that the real estate market itself is already affected by climate factors such as coastal erosion or rising sea level, that destroy houses and take value to some properties where these phenomena can happen easily.
Andy Pitman, a climate scientist, says to what “ reformulation of economic modelsTo take into account the extremes in your part of the world and their impact on supply chains seems to be a very urgent thing to do. ”
Of course, the first step is the most obvious: reducing emissions. But what is certain is that, and temperatures climb above the goals of world organizations.
Researcher Mark Lawrence states that the potential economic benefits of urgent political action in the field of climate have been significantly underestimated. ”Acting is now, because it believes that “The economic impacts of climate change may be even worse“.
