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2 clusters · 6 sources · 9 days · First seen · Last updated
Climate change impact on global economy and food
Overview
Research indicates that climate change poses severe risks to global food security and economic stability.
A study published in Earth’s Future suggests that rising temperatures and water shortages could drastically increase agricultural costs. Specifically, a 3 degree Celsius increase in global temperatures could triple average wheat prices compared to 2010 inflation-adjusted levels. Models focusing on water deficits preceding harvests have successfully explained 74% of global wheat price fluctuations between 2000 and 2021.
Broader economic assessments highlight that climate-related disasters may cost an average of $450 billion annually, with over half of these losses remaining uninsured. Some economists warn that a 1°C increase in global temperatures could result in a long-term drop in global GDP of between 20% and 50%. In response to these threats, some researchers advocate for ‘decarbonized growth’ to decouple economic expansion from CO2 emissions.
Entities
Earth's Future · Harvard University · Raphaël Boroumand · Adrien Bilal · Verisk
Timeline
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10 days ago
[BUSINESS] 2 sourcesClimate change poses significant risks to global economic stabilityClimate-driven extreme weather is projected to cost $450 billion annually, with some estimates suggesting a 1°C temperature rise could slash global GDP by up to 50% in the long term.
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18 days ago
[INTERNATIONAL] 4 sourcesClimate change could triple global wheat pricesA study warns that a 3 degree Celsius rise in global temperatures could triple wheat prices due to severe water shortages, which explain 74% of wheat price fluctuations.
Sources
courrierinternational.com · CT24.cz · rfi.fr · ticarihayat.com · tyden.cz · yenialanya.com