Economical EffectsNot only are there environmental and social effects of global warming, there are economical effects to. This is because global warming heightens the chance of extreme weather and natural hazards occurring in many countries across the world. So if we all stop global warming now, we can help the economies of the future...not just for now.
--------------------------------------------------------------- How will this affect different countries? 1) At the west and east coast of Africa, the sea level rise will result in saltwater intrusion and coastal erosion near major African cities which will have a significant impact on African communities and economies in the future. In fact, climate change and global warming will affect Africa the most out of all the other places. |
2) In countries which grow crops, such as China and the USA, warmer temperatures will reduce the crop yield of commodities to be sold on the market, thus lowering economical activity in these states. There will be a net profit loss around the world of about $5 billion a year. Additionally, Oxfam projected that counties in Sub-Saharan Africa will lose $2 billion annually from lower crop production, worsening their economies.
3) In the USA and Japan, hurricanes will become more likely as the temperature of the sea will rise due to global warming, limiting economical activity in these areas as houses will be destroyed and more money will be needed to be invested to repair these areas after hurricanes. We have seen this in Louisiana due to Hurricane Katrina and even these areas have not been redeveloped fully since then. |
4) It is possible that the infamous disease malaria will reappear in Europe due to warmer temperature allowing mosquitoes which carry malaria to survive and breed, resulting in a lot of extra money being funded towards the health service to try and tackle/control the disease.
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