40 Percent Of The World’s GDP At Risk Due To 4 Degrees – New Study
According to a new study, 40 Percent of the world’s GDP at risk due to 4 degrees rise due to global warming according to a new study and it’s devastating for the world since economic instability can impact our sustainable development goals, and Global warming is triggered by climate change.
Guess who is behind the rapidly changing climate change? We humans, and we don’t even regret instead, we keep pushing our actions.
Climate-driven poverty is going to be extremely risky if we witness a 40 Percent rise in the world’s GDP due to 4 degrees, and this needs to be tackled.
Even a 2 degrees rise in global temperature could affect global per capital by 16%.
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Is Really 40 Percent Of The World’s GDP At Risk Due To 4 Degrees?
The Answer is Yes.
Traditional economic models underestimated the cost of climate change, while we can witness the fact that climate change is inevitable and its impact can severely affect the global economy and health of every species on the planet, allowing us to rely on adaptability and mitigating climate change as much as possible.
Research done and led by Dr. Timothy Heal at the University of New South Wales demonstrates how flawed the earlier calculations were.
We can see an impact of 4 times for the entire global economy as per calculations done by models, and if we continue affecting the planet, this will affect, environment, social life, and economy of the world.
The revised report claims and centres that extreme weather events, if continued, can bring disaster for us in the future, allowing cascading the failures of supply chains affecting demand and supply in regions based on Geography.
Do you know?
Traditional models isolated facts, like for instance, a flood in 1 region can impact the other region, as climate change and its impacts are interlinked with every ecosystem on the planet.
Dr even said that rising global temperatures are going to trigger extreme weather events, and these events will disrupt supply chains as climate change is not only disrupting the global temperatures, it’s also destabilizing systems that essentially power food production, power trade, and focus on economic resilience.
A 4 degree rise in temperatures globally will completely shatter our dreams to achieve the goals of sustainable development, and it will completely harm the biodiversity present on Earth, and the future generations will have to struggle for survival, and extreme weather events will almost become a part of their regular lives.
The Myth Study Tackled
The myth study tackled the fact that some northern countries will moderately benefit from rising global warming, but actually, it’s not true.
The real truth is that climate change is impacting every single part of Earth and will continue to do so forever, but the rate at which it’s happening is extremely fast, and this speed needs to be controlled.
It’s not true because today’s world of globalization is far more interconnected and dependent on each other, including systems that are connected and impacts in 1 region affects another region.
If you think warm temperatures will benefit agriculture in northern side countries then well, global warming is always increasing and the changes with adaptability will definitely alter our lifestyle, food choices and other actions that are necessary for our survival.
Professor Frank Jotzo from Australian National University pointed out some of the major flaws in the earlier models, depicting the fact that if one regions falters then other region will be able to fill the gap but in today’s world we cannot see that happening instead, everything being interconnected is altered by the severe consequences.
The real question is: Are Flawed Models Dangerous to Track Climate Change?
Yes, flawed models do a lot more harm than giving false information, as they allow us to believe that climate change is a slow procedure and there is nothing to worry about, but we all know the reality right?
A report by the Institute of Faculty and Actuaries in the month of January highlighted gaps in models. Talking about negligence regarding tipping and rising sea levels to geopolitical instability, along with health crises, all of these together need to be resolved.
How Accurate are models of climate change?
Today’s climate models are very accurate in identifying and giving a broad reality of climate change for the future. Since global warming is increasing that’s why many times miscalculations can be observed by scientists, as predicting climate change 100% accurately is difficult as of today, and this happens because of changes in atmospheric conditions and other weather conditions.
Conclusion On The Report About 40 Percent Of The World’s GDP At Risk Due To 4 Degrees
40 Percent of the World’s GDP at risk due to 4 degrees and it’s not a joke. It’s not that this will happen exactly but only time will tell whether we are able to deal with climate change or not.
In reality, the changes and effects can be even more severe, and that’s why we need proper climate mitigation actions and policies.
The global economic planning is a priority and needs to be revisited as soon as possible while we also need to shift our focus to future generations so that they can achieve a sustainable planet with financial stability.
Here are some steps we can take to tackle climate change and that includes:
- Planting trees at the individual level
- Focusing on Gardening
- Using Biodegradable Products by avoiding Plastics
- Using Public transports instead of using private transports every single time
- Focusing on Renewable energy and guiding the path to an energy efficient planet
- Remember that climate change is a crucial factor that can bring changes in our society but we need to make sure that happens in a positive way.
What are your thoughts on this? Have you experienced the effects and impacts of climate change so far? Let us know in the comments down below.
