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| Climate Change - Long-Term Threat Banner | |
As countries have been continuously dealing with COVID-19, it is crucially important not to neglect the longer-term threats to the economy and globe, which include natural disasters, fluctuations in labour markets, industries, and bilateral trade, among other things. Nowadays, these problems have become a challenge to growth in many countries.
Climate change is another long-term threat in the twenty-first century. No country is immune to the effects of climate change in the modern period. Failure to address it promptly can have significant economic consequences, making it difficult for the economy to reform into one that is more resilient towards shocks and achieves sustainable and inclusive growth.
Did you even consider the waste you produce every day? And how do they contribute to the climate change challenge?
According to the research, Not only does a higher-income individual consume more goods but also more complicated durable goods such as vehicles and technical equipment.
Many wastes from high- and middle-income economies consist of indestructible materials like paper and plastic. Thus, high-income countries produce more waste per capita in terms of aggregate volume than developing countries, which is more than half of total solid waste. It has been slashing crop fields, particularly in the most food-vulnerable places of the world. Forestry, agriculture, and land use change are responsible for about 25% of greenhouse emissions.
Many of the world’s highest waste generation estimates per person are evident in developing island nations, where tourism plays a huge role. The scarcity of land has made these countries’ waste disposal problems especially acute. Rising sea levels due to global warming, of course, have exacerbated this scarcity. Overall, climate change is causing an increase in the global average temperature.
The recent worst flood in Pakistan is evidence of the climate change effect. Unusual hefty monsoon rains caused floods; with 805 thousand dwellings demolished, 1.2 million homes damaged, 13.1 thousand kilometres of roads damaged, 1.6 thousand people dead, 12.9 thousand people injured, and 1.1 million cattle lost, and casualties have become widespread. According to reports, due to the severe rains and floods, 7.9 million people have been displaced, with 598,000 of them staying in relief camps.
It has become a disturbing wake-up call for the planet. The world must have been learning from its deepening crisis that we need to be clear to find an urgently more solid balance on climate resilience for the global economy.
Climate change is triggering devastating losses in the Middle East and Central Asia, bearing the brunt of rising temperatures and extreme weather events. During any given year, Since 2000, climate disasters have killed more than 2,600 people, affected 7 million others, and caused $2 billion in direct material damage.
Countries with low climate resilience, including shaky and conflict-affected governments such as Afghanistan, Somalia, and Pakistan, with lower-middle-income economies exposed to and vulnerable to climatic hazards, have suffered greatly, with more people dead or impacted.
Although, governments, corporations, and members of civil society are working together on climate projects to accelerate climate action. The initiatives at the 2019 Climate Action Summit at the United Nations are reducing emissions, addressing critical issues like jobs and gender equality, unlocking finance, building sustainable infrastructure, utilizing nature-based solutions, and advancing adaptation and climate resilience.
The role of the United Nations Organization is far more important in encouraging individuals to unite and make the necessary efforts to limit global temperature rise to no more than 1.5 degrees Celsius. The United Nations also supports a transition to a low-carbon, sustainable economy that is just and beneficial to all humans worldwide.
Still, decisive and necessary solidarity actions are needed to remove uncertainty and put the global economy on a firm basis if we work together. Overcoming climate change difficulties is a joint duty of individual governments and the international community because the alarming threat is towards the Earth.
We can take the necessary actions to remove uncertainty and put the global economy on a firm basis if we work together.
The expense of adapting to climate change in emerging economies might be up to $300 billion by 2030. Regardless, investing in resilience may decrease post-disaster intervention costs in half. It could produce over 65 million new low-carbon jobs. Sustainable agriculture and strong forest protection could generate over $2 trillion per year of economic benefits, create millions of jobs, and improve food security while delivering over a third of the climate change solution. Doubling global renewable energy capacity by 2030 could save the global economy between $1.2 and $4.2 trillion each year, heavily due to a massive reduction in costs from pollution.
(Source: IMF, UN Climate Action & World Bank Reports)
Climate change is another long-term threat in the twenty-first century. No country is immune to the effects of climate change in the modern period. Failure to address it promptly can have significant economic consequences, making it difficult for the economy to reform into one that is more resilient towards shocks and achieves sustainable and inclusive growth.
Did you even consider the waste you produce every day? And how do they contribute to the climate change challenge?
According to the research, Not only does a higher-income individual consume more goods but also more complicated durable goods such as vehicles and technical equipment.
Many wastes from high- and middle-income economies consist of indestructible materials like paper and plastic. Thus, high-income countries produce more waste per capita in terms of aggregate volume than developing countries, which is more than half of total solid waste. It has been slashing crop fields, particularly in the most food-vulnerable places of the world. Forestry, agriculture, and land use change are responsible for about 25% of greenhouse emissions.
Many of the world’s highest waste generation estimates per person are evident in developing island nations, where tourism plays a huge role. The scarcity of land has made these countries’ waste disposal problems especially acute. Rising sea levels due to global warming, of course, have exacerbated this scarcity. Overall, climate change is causing an increase in the global average temperature.
The recent worst flood in Pakistan is evidence of the climate change effect. Unusual hefty monsoon rains caused floods; with 805 thousand dwellings demolished, 1.2 million homes damaged, 13.1 thousand kilometres of roads damaged, 1.6 thousand people dead, 12.9 thousand people injured, and 1.1 million cattle lost, and casualties have become widespread. According to reports, due to the severe rains and floods, 7.9 million people have been displaced, with 598,000 of them staying in relief camps.
It has become a disturbing wake-up call for the planet. The world must have been learning from its deepening crisis that we need to be clear to find an urgently more solid balance on climate resilience for the global economy.
Climate change is triggering devastating losses in the Middle East and Central Asia, bearing the brunt of rising temperatures and extreme weather events. During any given year, Since 2000, climate disasters have killed more than 2,600 people, affected 7 million others, and caused $2 billion in direct material damage.
Countries with low climate resilience, including shaky and conflict-affected governments such as Afghanistan, Somalia, and Pakistan, with lower-middle-income economies exposed to and vulnerable to climatic hazards, have suffered greatly, with more people dead or impacted.
Although, governments, corporations, and members of civil society are working together on climate projects to accelerate climate action. The initiatives at the 2019 Climate Action Summit at the United Nations are reducing emissions, addressing critical issues like jobs and gender equality, unlocking finance, building sustainable infrastructure, utilizing nature-based solutions, and advancing adaptation and climate resilience.
The role of the United Nations Organization is far more important in encouraging individuals to unite and make the necessary efforts to limit global temperature rise to no more than 1.5 degrees Celsius. The United Nations also supports a transition to a low-carbon, sustainable economy that is just and beneficial to all humans worldwide.
Still, decisive and necessary solidarity actions are needed to remove uncertainty and put the global economy on a firm basis if we work together. Overcoming climate change difficulties is a joint duty of individual governments and the international community because the alarming threat is towards the Earth.
Summary:
Climatic adaptation is an urgent goal that has begun to address climate issues.
The expense of adapting to climate change in emerging economies might be up to $300 billion by 2030. Regardless, investing in resilience may decrease post-disaster intervention costs in half. It could produce over 65 million new low-carbon jobs. Sustainable agriculture and strong forest protection could generate over $2 trillion per year of economic benefits, create millions of jobs, and improve food security while delivering over a third of the climate change solution. Doubling global renewable energy capacity by 2030 could save the global economy between $1.2 and $4.2 trillion each year, heavily due to a massive reduction in costs from pollution.
(Source: IMF, UN Climate Action & World Bank Reports)
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