Climate change 'could make the average person 24% poorer by 2100'

"Climate change could push humanity into a dystopian nightmare of fires, biblical-scale floods and food shortages. But those lucky enough to survive the chaos could end up living amid a global economic meltdown. Scientists at the University of Cambridge warn that global warming could make the average person 24 per cent poorer by 2100. Life in Britain could resemble conditions in less developed countries, according to researchers - with higher unemployment, lower wages, closed businesses, and an even lower standard of living."

"Previous studies have shown that climate change results in more intense rainfall because warmer air can hold more moisture. And because rainfall is increasing on average across the world, the chances of flooding are getting higher. Rising sea levels and resulting flooding will lead to billions spent on repairing flood-damaged buildings and setting up flood defences. What's more, there will be costly disruptions to activities in sectors like tourism and agriculture that are based near the coast."

"Human-caused global warming - which is largely due to burning fossil fuels such as coal for energy - will also see a reduction of arable land for crops as regions become drier. All of this will affect 'global GDP per capita', the total economic output (gross domestic product) of all countries in the world divided by the world's population. It represents the average economic output per person on a global scale - and is a powerful indicator of individual econom"

Global warming could reduce average global income per person by roughly 24 percent by 2100, producing widespread economic and social disruption. Climate change will increase intense rainfall, flooding, sea-level rise, and coastal damage, causing large repair and defence costs and disrupting tourism and agriculture. Warmer, drier regions will shrink arable land and lower crop yields, amplifying food shortages. Impacts will extend beyond agriculture to transport, manufacturing, retail, and other sectors, increasing unemployment and lowering wages. Immediate reductions in fossil fuel emissions and urgent policy action are needed to limit further income losses and economic collapse.

Read at Mail Online