The US Will Lose $2 Trillion By 2030 Thanks To Man-Made Climate Change

Wildfires are getting worse thanks to climate change, but they're not the only thing that will dent the US's GDP. Peter J. Wilson/Shutterstock
Robin Andrews 21 Jul 2016, 17:28

Apart from adjusting work patterns to avoid the hotter hours of the day, “we must also take decisive action now to mitigate emissions of greenhouse gasses,” Tord Kjellstrom, the study’s lead author and a researcher at the Health and Environmental International Trust in New Zealand, said in a statement.

“Failure will cause the frequency and intensity of disasters to worsen dramatically beyond 2050, and the situation at the end of this century will be especially alarming for the world's poorest people.”

On the other hand, due to their mid-latitudinal positions, many developed nations across Europe and elsewhere will not see any major GDP losses at all, including France (0.9 percent lost) and Japan (0.1 percent lost).

Perversely, some countries will actually benefit in the short-term. Thanks to milder and therefore more productive winters, the UK economy will grow by 0.3 percent of GDP. Sweden’s will grow by 1.4 percent.

This study has appeared with five other accompanying climate change papers in a special issue of the Asia Pacific Journal of Public Health. Previous studies have highlighted how the world’s economy will suffer thanks to a drop in productivity and a disruption of the flow of goods and services. One went as far as saying that there is a real chance that 17 percent of global wealth could be completely wiped out by the end of the century.

Carbon emissions in 2014 per region, in megatonnes of carbon dioxide. Africa, despite being 5th on the list, is disproportionately affected by worldwide carbon emissions. Global Carbon Atlas

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