The Global Economic Impact of Climate Change
Вставка
- Опубліковано 29 вер 2024
- Climate disasters can trigger spillovers and contagion across countries. Adequate domestic policies and a strong global financial safety net, with the IMF at its center, are key to containing the economic fallout and preserving global financial stability.
Presenter:
Tianxiao Zheng, Strategy, Policy, and Review Department, IMF
00:08 The global economy is at risk due to underestimating the impact of climate change.
00:58 Global economic losses from climate related natural disasters have reached a staggering high.
01:39 Climate change can have a significant impact on the external financing needs of highly vulnerable countries
02:20 Climate shocks impact the country's GDP, fiscal capacity, and current account.
03:02 The global economic impact of climate change can have spillover effects on multiple economies.
03:42 In a tail risk scenario, a climate shock causing a country to default on its external debt would increase global financing needs by around two trillion dollars.
04:22 A mitigation package can help reach net zero emissions by 2050 while boosting growth during the post-pandemic recovery.
05:08 Climate change is a looming risk to global economic and financial stability.
Crafted by Merlin AI.
7,000 a month for every human being alive every month.
604,800,000,000,000 a year would be a small drop in the bucket to uncouple the monetary system from the resource we share on this Time Machine we call earth.
The amount of effort it will take to implement a project of this size would require a great amount of digital computing power to make sure everyone gets their equal amount.
Those that were not found would get theirs and be back paid.
Underage children would require a system to store the 7,000 per month until they came of age.
As you can see, this system would give time to problem solve projects lessening detrimental effects of resource extraction on the environment, mitigating steps that were to costly would be carefully planned. Even detrimental byproducts can be utilized this way. Thank you for reading this, have a great day.
As indicated in the video by IFM, climatic disasters can bring about problems such as spillovers and contagion across nations. I agree with this point of view because the impacts of climatic changes in various parts of the community are interrelated. Drought can impact food production and human well-being, while floods can transmit illnesses and harm biotic and fundaments. However, I will agree to disagree that the institution of domestic policies can help preserve global climate stability. This is because the projections of a climate change-affected future are inevitable.
Even though farmers, researchers, and scientists might adjust a number of agricultural methods and technologies or develop new ones, some changes will be challenging to control. The ever-growing temperatures, drought and water stress, illnesses, and weather extremes bring about difficulties for farmers and ranchers cultivating food. Several communities are not yet ready for the climatic changes taking place around the world, even though within the communities, there are a number of people who are more vulnerable to this threat being posed than other people. To be ready for what the future holds, it is vitally significant to establish resilient strategies to withstand the incoming risks.
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Leave us alone
Decentralise... problem solved
All intentional.
Creat a problem that you already have a solution for.
Just because there is a solution to climate change, doesn't mean its completely over and fixed. Why climate change is still an issue, is because there are many solutions, but governments and politicians are failing to take action.
@@ameliaeckersley8142
Then tell them to stop manipulating our weather.
There are locations accross the globe doing studies on weather modification.
Guess what, we can change the weather, we have been doing it since the 50s.
Global Government really does mean controlling the earth.