Monday, 24 June 2024
Trending
EconomyNatural Disaster

Climate change threatens the growth of the world’s GDP

  • Between $732 and $845 billion is the predicted average yearly loss in the infrastructure.
  • When it comes to annual losses, earthquakes and tsunamis account for about 30%.
  • Low- and middle-income nations are more at risk relative to other nations.

Between $732 and $845 billion is the predicted average yearly loss in the infrastructure and building sectors worldwide, and climate change is expected to threaten 14% of the growth of the global GDP in 2021–2022.

To address the infrastructure deficit, achieve sustainable development objectives, reach net zero, and improve resilience by 2050, $9.2 trillion in annual investment is required, according to the Coalition for Disaster Resilient Infrastructure (CDRI) report, which was published in response to a suspected glacial lake outburst flood.

Climate change

When it comes to annual losses, earthquakes and tsunamis account for about 30%, while cyclones, floods, and storms that are caused by climate change account for 70%.

The risk is not distributed uniformly across industries, with almost 80% of it concentrated in the power, transportation, and telecommunications sectors.

Low- and middle-income nations are more at risk relative to other nations when it comes to their infrastructure, accounting for about 67% of the worldwide value of infrastructure assets.

The study offers nations a platform for doing in-depth analysis to guide their decision-making, infrastructure investment choices, and resilience investment selections.

Related posts
EconomyIndia

Soaring Food Prices in India: Heatwaves, Monsoon Woes, and Economic Strain

Heatwave Impact: Severe heatwaves have drastically reduced supplies of pulses, vegetables, and…
Read more
EconomyWorld

Singapore's Smart Ascent: Leading the World in Competitiveness and AI Innovation

Singapore regains top spot in 2024 World Competitiveness Ranking. AI-driven strategies propel…
Read more
AmericasNatural Disaster

Raging Wildfires in Drought-Stricken New Mexico Claim Lives and Homes

Deadly Wildfires: Two fatalities and over 1,400 structures destroyed in southern New Mexico. Mass…
Read more
Newsletter
Become a Trendsetter

To get your breaking, trending, latest news immediately without diluting its truthfulness join with worldmagzine immediately.

Leave a Reply

Your email address will not be published. Required fields are marked *

AsiaPolitics

Nawaz Sharif will lead Pakistan out of all crises

Worth reading...