. Earth Science News .
TRADE WARS
Climate on track to devastate world's poorest economies: study
By Marlowe HOOD
Glasgow (AFP) Nov 8, 2021

The 65 most vulnerable nations will see GDP drop 20 percent on average by 2050 and 64 percent by 2100 if the world heats up 2.9 degrees Celsius, according to a report released Monday at the COP26 climate talks in Glasgow.

Even if global temperature rises are capped at 1.5C, in keeping with the most ambitious Paris Agreement goal, the same countries would take a GDP hit of 13 percent by 2050 and 33 percent by the end of the century, the study commissioned by Christian Aid said.

To date, Earth's average surface temperature has risen 1.1C compared to late 19th-century levels.

The findings from Christian Aid show that more than a third of the world's nations urgently need help to build up resilience if their economies are to withstand the onslaught of heatwaves, drought, floods and storms made more intense and deadly by global warming.

"The ability of countries in the Global South to sustainably develop is seriously jeopardised," said lead author Marina Andrijevic from Humboldt University in Berlin.

"Policy choices that we make right now are crucial for preventing further damage."

Eight of the top 10 most affected countries are in Africa, with two in South America.

All 10 face GDP damage of more than 70 percent by 2100 under our current climate policy trajectory, and 40 percent even if global warming is capped at 1.5C.

The country facing the worst GDP loss is Sudan, which in September was left reeling from heavy rains and flash floods affecting more than 300,000 people.

The country would see a GDP reduction of 32 percent by 2050, and 84 percent by 2100 compared with if there was no climate change.

The countries covered by the report make up two key negotiating blocs at the UN climate talks, which run through Friday: the Least Developed Countries (LDCs) and Alliance of Small Island States (AOSIS).

Small island states are especially vulnerable to storm surges made worse by rising seas.

The study does not take into account adaptation measures, which could potentially alleviate some of the damage.

To date, rich governments have committed only modest sums to help poor countries adapt to climate impacts.

"Africa has the done the least to cause climate change yet this report shows it will face the most severe consequences. That is deeply unjust," said Mohamed Adow, director of Nairobi-based climate and energy think tank Power Shift Africa.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
Asian markets mixed as inflation plays against recovery optimism
Hong Kong (AFP) Nov 8, 2021
Asian markets were mixed Monday as long-running concerns about inflation offset forecast-busting economic data out of the United States and China, while tourism-linked firms rallied on optimism about the global reopening after Pfizer said its pill to treat Covid was highly effective. Wall Street's three main indexes clocked up records last week after figures showed more than half a million new US jobs were created last month, with hiring rebounding as new infections fall across the country. Figures ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Hard hit nations demand 'loss and damage' help at COP26

Expert warns on the perils of climate anxiety

Senegalese navy rescues 82 migrants

Bulgaria sends troops to tackle migrant influx from Turkey

TRADE WARS
Indian star Kamal Haasan to launch metaverse avatar

Healable carbon fiber composite offers path to long-lasting, sustainable materials

Securing data transfers with relativity

An artificial material that can sense, adapt to its environment

TRADE WARS
Coral bleaching impacts 98% of Great Barrier Reef: study

Autonomous robotic rover monitors deep-sea carbon cycle and climate change

Marine microbes more effective reducing methane than expected

Sinkholes on receding Dead Sea shore mark 'nature's revenge'

TRADE WARS
Meltwater runoff from Greenland becoming more erratic

Glacial ice reveals 1,000 years prosperity and peril in Europe

Large semi-stationary eddies whip warm water toward melting East Antarctic ice shelf

Extreme Greenland ice melt raised global flood risk: study

TRADE WARS
Spain unveils plan for revival of crisis-hit lagoon

'Extremely low' wine production this year: trade body

Israeli, Palestinian olive growers face same climate challenge

Global climate change impact on crops expected within 10 years

TRADE WARS
Indonesia flash floods kill at least eight

Better hurricane forecasts with infrared satellite measurements of cloudy skies

760,000 affected by South Sudan floods: UN

The silent build-up to a super-eruption

TRADE WARS
Rhino horn NFT going on auction in South Africa

Mali rights violators must be brought to justice: UN

Portuguese peacekeepers suspected of diamond trafficking in CAR

Away from the world, the mangrove fishers of DR Congo

TRADE WARS
Newly named species of early human could help explain evolutionary gaps

Late persistence of human ancestors at the margins of the monsoon in India

The colonization of the Azores began 700 years prior to the Portuguese arrival

'We're ignorant': Illiteracy haunts isolated Venezuelan village









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.