A new study conducted in 135 countries estimated that climate change puts 4 percent of Gross Domestic Product (GDP) at risk. caused by climate change.
The study, conducted by rating firm S&P Global, gives countries credit points on the basis of their economic health. Truckost, which measures the hidden costs of misusing natural resources, assisted S&P Global in conducting research.
They used data from the World Bank of low- and low-income countries and found that they were likely to see a 3.6 times greater loss of gross domestic product.
The company’s debt analyst, Roberto Sifon-Arevalo, told Reuters news agency, “At various levels, this is a global problem.” Emphasizing the point of the research, he says “One thing that really comes out is the need for international support in many of these (poor) parts of the world”. New climate change policies, which many governments are wary of, were considered the basic conditions for scientists. They found that East Asian and Pacific countries face similar levels of exposure to natural disasters such as Central Asia, the Middle East, and North Africa, and Sub-Saharan Africa.
According to Sifon-Arevalo, ” We strive to say the important thing and where it is but we do not measure the worst, we measure the most basic. ” In terms of weather, climate, or water. A related disasters have occurred somewhere in the world every day for the past 50 years according to the World Meteorological Organization (WMO).
They caused daily losses of more than $ 202 million with the exception of 115 casualties. More than 60 countries could see a reduction in their rates due to global warming by 2030 according to a study by researchers at Cambridge University, University of East Angliaand London.
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