AFP: Climate impacts 'to cost world $7.9 trillion' by 205020 November 2019 | 06:02 | FOCUS News Agency
The Economist Intelligence Unit's (EIU) Climate Change Resilience Index measured the preparedness of the world's 82 largest economies and found that based on current trends the fallout of warming temperatures would shave off three percent of global GDP by 2050.
Its analysis, which assesses each country's direct exposure to loss as climate change brings more frequent extreme weather events, found Africa was most at-risk, with 4.7 percent of its GDP in the balance.
In general, developing nations faired poorer in terms of resiliency than richer ones.
"Being rich matters," John Ferguson, EIU country analysis director, told AFP.
"Richer nations are really able to be more resilient towards the impacts of climate change, so this really threatens growth trajectories of the developing world as they try to catch up with the developed world."
"When we are already dealing with global inequality, for the impacts of climate change the developing world's challenges are much greater," he added.
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