Natural disasters are increasing and occurring more than ever before. Some parts of the world are constantly affected with tsunami, earthquakes, flooding and other disasters. The term” natural disaster” denotes that it’s a natural event which no one is responsible for, however one could question just how correct that is .The effects of these disasters are monumental both humanitarian with millions losing their lives as well as an extensive economic damage which some countries are still recovering from years later . For these reasons it can be contended that the biggest economic global issue is in fact the environment.
Global environmental issues have been on a rise for decades, the earth is getting warmer and this is expected to have comprehensive as well as devastating consequences for planet Earth. For some years, global warming, the gradual heating of Earth’s surface, oceans and atmosphere, was a topic of heated debate in the scientific community. Today, the vast consensus of researchers is that global warming is real and is caused by human activity, thus highlighting the question just how natural are natural disasters? Climate change and its disastrous effects on the planet is “costing the world more than $1.2 trillion” (Environment | The Guardian. 2016) this shocking figure further magnifies just how much of an economical global issue the environment is in today’s world.
Reports and research suggests that climate-related vulnerabilities affect poor people’s lives directly through impacts on incomes for instance through reductions in crop yields or the destruction of their homes, the warming of the globe directly or indirectly has an effect on poor people’s lives that’s what this finding crystallizes, for example reduction in crop yields lead to an increased in food prices thus directly affecting food security of millions who are already marginalized. (Pachauri and Mayer, n.d.2016.54) in addition ,The Synthesis Report makes a clear case that many risks constitute particular challenges for the least developed countries and vulnerable communities, given their limited ability to cope this highlights the economic responsibility that lays on the international community as they would have to help these countries out when disasters strike . Individuals who are socially, economically, culturally, politically are especially vulnerable to climate change (UN and Climate Change. 2016)
Temperature change will leave the average income around the world 23% lower in 2100 than it would be without climate change, “We’re basically throwing away money by not addressing the issue,” said Marshall Burke, an assistant professor at Stanford University (How Global Warming Affects Economy. 2016 ) All my findings have proven that global warming is without a doubt catastrophic for the global market if not stopped or slowed down at least .climate change is not only causing live changing destruction , on a wide scale , but it is also creating even further inequality and suffering to the poor countries this should not be continue but should rather be combated , the same humans that are causing the turmoil of the earth must urn thus around and save it !
1. Climate change is already damaging global economy, report finds | Environment | The Guardian. [ONLINE] Available at: http://www.theguardian.com/environment/2012/sep/26/climate-change-damaging-global-economy. [Accessed 17 February 2016].
2. Pachauri, R. and Mayer, L. (n.d.). Climate change 2014.54
3. Climate change threatens irreversible and dangerous impacts, but options exist to limit its effects – UN and Climate Change. [ONLINE] Available at: http://www.un.org/climatechange/blog/2014/11/climate-change-threatens-irreversible-dangerous-impacts-options-exist-limit-effects/. [Accessed 17 February 2016].
4. Climate change growth: How Global Warming Affects Economy. 2016. Climate change growth: How Global Warming Affects Economy. [ONLINE] Available at: http://time.com/4082328/climate-change-economic-impact/. [Accessed 17 February 2016].