How does climate change affect the economy?
Climate change is a severe threat to the earth and its inhabitants, and the global economy. This issue necessitates public-private sector partnership to shift the way we create commodities to alternate techniques that ensure and propel long-term economic prosperity.
Climate change is now widely regarded as one of the most severe risks to global economic stability.
Climate change is now widely regarded as one of the most severe risks to global economic stability.
Climate change is one of the most severe challenges to economic stability, in addition to its profound impact on the environment and people. Heatwaves make us less productive and make us less able to work. Hurricanes, cyclones, and typhoons wreak havoc on millions of people, leaving them penniless after sweeping their communities away. Droughts reduce harvests, adding to the difficulty of feeding the world's growing population, estimated to reach 10 billion by 2050. According to the World Bank, climate change could push 100 million more people into poverty by 2030 if we don't act quickly. (World Population Prospects 2019, United Nations Organisation).
Climate change's social and economic consequences.
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