More than 100 million
people will die and global economic growth will be cut by 3.2% of gross
domestic product (GDP) by 2030 if the world fails to tackle climate change, a
report commissioned by 20 governments said on Wednesday. As global average
temperatures rise due to greenhouse gas emissions, the effects
on the planet, such as melting ice caps, extreme weather, drought and rising
sea levels, will threaten populations and livelihoods, said the report
conducted by humanitarian organisation DARA.
It calculated that
five million deaths occur each year from air pollution, hunger and disease as a
result of climate change and carbon-intensive economies, and that toll would
likely rise to six million a year by 2030 if current patterns of fossil fuel
use continue.
More than 90% of those
deaths will occur in developing countries, said the report that calculated the
human and economic impact of climate change on 184 countries in 2010 and 2030.
It was commissioned by the Climate Vulnerable Forum, a partnership of 20
developing countries threatened by climate change.
"A combined climate-carbon crisis is
estimated to claim 100 million lives between now and the end of the next
decade," the report said.
It said the effects of
climate change had lowered global output by 1.6 percent of world GDP, or by
about $1.2 trillion a year, and losses could double to 3.2% of global GDP by
2030 if global temperatures are allowed to rise, surpassing 10 percent before
2100.
It estimated the cost
of moving the world to a low-carbon economy at about 0.5% of GDP this decade.
COUNTING THE COST
British economist Nicholas Stern told Reuters earlier this year investment equivalent to 2% of global GDP was needed to limit, prevent and adapt to climate change. His report on the economics of climate change in 2006 said an average global temperature rise of 2-3 degrees Celsius in the next 50 years could reduce global consumption per head by up to 20%.
Temperatures have
already risen by about 0.8 degrees Celsius above pre-industrial times. Almost
200 nations agreed in 2010 to limit the global average temperature rise to
below 2C (3.6 Fahrenheit) to avoid dangerous impacts from climate change.
But climate scientists
have warned that the chance of limiting the rise to below 2C is getting smaller
as global greenhouse gas emissions rise due to burning fossil fuels.
The world's poorest
nations are the most vulnerable as they face increased risk of drought, water
shortages, crop failure, poverty and disease. On average, they could see an 11%
loss in GDP by 2030 due to climate change, DARA said.
"One degree
Celsius rise in temperature is associated with 10% productivity loss in
farming. For us, it means losing about 4 million metric tonnes of food grain,
amounting to about $2.5 billion. That is about 2 percent of our GDP,"
Bangladesh's Prime Minister Sheikh Hasina said in response to the report.
"Adding up the
damages to property and other losses, we are faced with a total loss of about
3-4% of GDP."
Even the biggest and
most rapidly developing economies will not escape unscathed. The United States
and China could see a 2.1 percent reduction in their respective GDPs by 2030,
while India could experience a more than 5% loss.
The full report is
available at: http://daraint.org/
Courtesy: http://www.hindustantimes.com
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