15 July 2020
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According to new analysis (by Oxford Economists: hotter World Will Be Poorer and More Unequal), 3°C of warming by 2100 has the potential to reduce the level of global GDP in 2100 by 21%. More surprisingly, it identified that a country whose average annual temperatures today are cooler than 15° C, including those in North America and Europe, stand to benefit slightly in the short term from rising temperatures. Tropical and subtropical countries whose average temperatures are already warmer than 15° C today, including the entire global South, face catastrophic economic degradation. In short, hotter World Will Be Poorer and More Unequal. I hope such findings will not create unwanted trouble to Paris climate agreement' accomplishment. Because recent finding may create political differences in accepting the Paris climate agreement. For example, countries which are getting benefited by rising temperatures may not encourage immediate efforts to impede rising temperature by curbing CO2 emission, if they choose to be prejudiced. And may consider to be away from the Paris climate agreement. But, as usual, I hope all the countries in the world remain united forever in dealing the crisis.
Bay the way, what is your take on this!
Are we truly heading TOWARDS a roadblock or uncertainty to Paris climate agreement’s success?
Best,
Vaid, B. H.