The global climate loss in the past three years has reached 650billion US dollars, and the future situation may be even worse
Morgan Stanley recently released a report pointing out that in the past three years, the global losses caused by climate disasters reached US $650billion. Both short-term damage and long-term climate structural change are bringing serious threats and risks to the global economy
the climate loss is increasing
the report points out: "US $650billion is equivalent to more than 25% of the global GDP. Among them, North America 'contributed' US $415billion, accounting for 2/3, equivalent to 0.66% of the region's GDP; Asia 'contributed' US $180billion, equivalent to 0.24% of the region's GDP.
Morgan Stanley equity strategists mark Savino, Jessica alsford and Victoria Irving pointed out that climate change may affect more than a dozen industries such as agriculture, oil and gas in the short term As a negative impact, only capital goods, home decoration retail, accommodation and construction machinery will not have a significant impact
CNBC of the United States quoted the forecast data of a joint group composed of the world's top climate scientists to show that the situation may be worse in the future. By 2040, climate warming may bring losses of up to $54trillion to the world
Kat Kramer, global climate expert of the British Christian Aid Association, said: "in 2018 alone, the disaster losses caused by climate change will be at least US $100billion." In addition to the hurricane disasters experienced in the United States, the Caribbean and parts of Central America, the worst floods in Japan in the past 30 years and the drought in Europe were also the disasters with very heavy climate related losses last year
the United States has the most obvious economic impact.
the United States is obviously the "hardest hit" area adversely affected by climate change. Morgan Stanley pointed out that the Gulf of Mexico and the east coast of the United States are one of the areas most at risk of sea level rise and adverse weather events in the world. In the past three years, disasters related to the 53mm climate, including hurricanes and wildfires, have had a great impact on the US economy
the US National Oceanic and Atmospheric Administration (NOAA) released the global annual analysis report in the second week of February. It said that the US had experienced 14 weather and climate disasters in 2018, with a loss scale of US $91billion. 2018 became the "fourth highest" year in the cost of natural disasters in the us since 1980. Climate change is causing damage to agriculture, energy, land, water resources and public health in the United States
although the trump administration has always expressed doubts about the climate change crisis, public opinion in the United States generally does not shy away from talking about this issue. The U.S. Congress even requires that the national climate assessment report be evaluated every four years. In November last year, the fourth national climate assessment was released. The report clearly pointed out that climate change will cause significant losses to the US economy in this century. By the end of this century, the annual losses of some industrial sectors are expected to reach hundreds of billions of dollars, exceeding the current GDP of many states in the United States
it is worth mentioning that Alexandria ocasio Cortez, a US congressman, recently proposed a "Green New Deal" resolution, which once again put the US on the agenda to face the growing threat of climate change
Wall Street wrote that the "Green New Deal" showed no mercy in describing the negative impacts of climate change, saying that by 2011, the rise of sea level may destroy up to $500billion of us coastal properties. Although this is only a non binding resolution rather than legislation, if it succeeds, it can still serve as a blueprint for future climate legislation in the United States
it is understood that the set goal of the "Green New Deal" resolution is to achieve zero greenhouse gas emissions in a fair and equitable manner, while maintaining clean air and water, and solving the growing problem of income inequality. To achieve this goal, the resolution calls for a 10-year mobilization to shift electricity from fossil fuels to solar and wind energy, and to comprehensively transform the national transportation infrastructure, such as electric vehicles
global warming has become a "near worry"
what is more worrying is that global warming seems to be about to become a "normal". Many institutions coincidentally pointed out that 2018 is the fourth warmest year since the earth has observed records. Although it has not set the warmest record, it is only a short-term natural change, which is still consistent with the long-term trend of global warming on the whole
the latest Berkeley earth report shows that the global average temperature in 2018 was 14.96 ℃, 0.77 ℃ higher than the average temperature from 1951 to 1980 and 1.16 ℃ higher than that before industrialization. Although the global average temperature in 2018 was lower than that in 2015, 2016 and 2017, it was higher than that in all years before 2015. The earliest observation record began in 1850. 2016 is still the hottest year on record
the World Meteorological Organization, NASA, NOAA, the British met office and other agencies are consistent with Berkeley earth in the temperature ranking in 2018. More and more climate experts believe that the impact of climate change is accelerating, and the earth will experience more extreme and disastrous weather
a climate science report published by the British journal Nature pointed out that as the Antarctic and Arctic ice caps continue to melt, there may be more and more serious extreme weather events around the world in 2019. On February 13, the Washington Post quoted the latest report of the French national scientific research center as saying that the past four years have been the hottest four years in history, and the next five years will be "exceptionally warm" and may even break the hottest record of 2016