How climate change is harming the African and global economy

The report, “Loss and damage today: How climate change affects production and capital”, outlines the economic consequences of climate change, particularly in developing countries. – Credit: Minasse Wondi Hailu / Anadolu Agency / AFP

EWhat if climate change is affecting global economic health more than we think? This question is at the heart of a recent report by Gerard J. Mangone, Center for Climate Change Science and Policy, at the University of Delaware in the United States. The situation is all the more alarming as study author James Rising, an assistant professor at the University of Delaware, sounds the alarm with these words: “The world has become trillions of dollars poorer as a result of climate change, and most of that burden falls on poor countries.” »

Published two days before the opening 28e United Nations Climate Conference (COP28) held in Dubai, United Arab Emirates, Gerard J. Mangone’s report on climate change focuses mainly on the global economic losses associated with climate change. In particular, the study suggests “a strong correlation between GDP losses from climate change and increased temperatures.”

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“Sharp contrast” between the countries of the North and the countries of the South

Mapping losses by region and economic zone of the world, the paper concludes that climate change has led to a global loss of 6.3% of population-weighted GDP in 2022. The unweighted percentage loss of global GDP is […] Read more

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