Climate change is expected to cause major damage to the global economy. According to a recently released report, climate change will hurt the economy of any country, whether rich or poor and cold or hot, by the starting of 2100 year. Economists say poverty is being affected by the earth’s rising temperatures. Researchers have assessed countries’ historical beliefs and economic growth to be adversely affected in any case, according to data from the last fifty years on 174 continuous basis for changes in temperature. According to the report, unless there is a significant change in policy, the United States’ gross domestic product appears to be at a loss of 10 percent. “In the UK a few days ago, summer records were still recorded and infrastructure work was halted,” Cambridge University professor and co-author of the report,Kamiar Mohaddes, told Reuters: “Trains will not run, people cannot work and productivity and economic growth will decline.” Although researchers have centered the study on the short-term effects of heat on the country’s poorest countries, the report has shown that the economic sector cannot survive the climate change despite rich climate and cold temperatures. In the 2100 ‘The world’s average temperature will rise to 4 degrees Celsius by degrees. It will harm the world’s per capita gross domestic product by 7 percent, “said a report published Monday by the U.S. nonprofit National Bureau of Economic Research. Considering the impacts of climate change on the Paris Agreement of 2015, the world agreed to try to keep the Earth’s temperature below 1.5 degrees Celsius. However, last year’s report from the United Nations said that this could not happen without a significant reduction in climate change, greenhouse gas missions. Countries are becoming more disabled.
The economic finder concentrated on the same study, since there is a lot of weather in America. If the goals of the Paris Agreement are ignored, industrial to agricultural production will be adversely affected. The United States’ gross domestic product will cost more than 10 percent. Writing that other industrialized countries are also affected, Dr Mohaddes said, “America’s domestic households will be poorer.” The impact of temperatures will be twice as high in Canada than anywhere else in the world. It will reduce the GDP by 13 percent, reduce Switzerland’s gross domestic product by 12 percent and India by 10 percent. But if the Paris Agreement is to be followed, the US report will be at 2 percent. President Donald Trump promised to bring the United States out of the international agreement on the implications of climate change. The agreement with which the US is withdrawing on November 2020 .Reporting to countries reluctant to implement the agreement, saying it would have a negative impact on the economic situation, the report suggested implementing agreements on climate change. “We need to be strong,” Dr Mohaddes said, adding that if we make a commitment to the Paris Agreement, the harm will be minimal, so it should not be delayed. The study was attended by researchers from the University of Cambridge, Southern California, Johann Hopkins, and Taiwan’s National Tsing Hua University, as well as researchers from the International Monetary Fund. Countries are becoming more disabled.
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