This is part of the online version of the Climate Crisis newsletter sent today (1st). The full version, for subscribers only, also shows how the rain tragedy in Pakistan awaits the main conflict of the next UN Climate Conference: who will pay for the damage caused by extreme weather in the countries least contributing to the problem? The newsletter also brings discouraging data on deforestation in the Amazon. Would you like to receive the full newsletter with the main column and additional information by email next week? Click here and register.
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Research published this week reveals that water risk from climate change could cost US$5.6 trillion by 2050 in just seven countries: Philippines, United States of America, Australia, Chinese, Arap emirates, Canada, United Kingdom.
Most of this loss will be concentrated in the United States (over US$4 trillion, about R$20 trillion), followed by China (over US$1 trillion, about R$5 trillion).
Proportionally, the Philippines will be the most penalized country of the group, with an estimated annual loss of 0.7% of its GDP (Gross Domestic Product).
The study titled “Aquanomics: The Economics of Water Risk and Future Resilience” was carried out by the GHD company, which operates in the field of feasibility studies, planning, creation and project management. According to the company, water risk is being calculated for the first time at the GDP level and by sector.
The research states that the currently observed intensification of climate change will cause storms to intensify, and heavy rains alone have an estimated damage potential of US$1.9 trillion (about R$10 trillion) in seven countries by 2050. effects beyond rains or without their intervention) and droughts will cause additional losses of US$1.4 trillion (approx. R$7.5 trillion) and US$607 billion (approx. R$3 trillion), respectively.
Of the five business sectors considered most vital to the global economy by the survey, industry and distribution will be hardest hit disasters resulting from changing precipitation patterns — estimated to be US$4.2 trillion (approximately R$22 trillion) lost by mid-century.
This is because water shortages disrupt production, while storms and floods destroy transport infrastructure and inventories.
The agricultural sector, which is sensitive to both drought and excessive rainfall, will lose up to US$332 billion by 2050 in the listed countries. Other sectors facing major challenges are retail, energy and banking, and in the latter case, risk for the insurance space is critical, according to the research.
“The water industry faces a dual challenge, both residential and commercial, with increased water demand and a potential reduction in supply due to climate change. How the industry responds to these threats will be one of the key challenges for the next decades.” , says Rod Naylor, global leader of GHD’s Water of the Future initiative.
“Safe, affordable and reliable water is a fundamental human right and plays an increasingly important role in every part of the global economy, but it is still one of our least valued resources,” Naylor continues.
The survey highlights that most of the countries surveyed have large, technologically advanced economies with the resources to reduce these projected costs if deployed quickly. In addition to these seven countries, the survey made specific estimates for three US regions: Northeast, Southeast and Southwest.
GHD claims to use a three-step methodology to estimate direct losses, industry losses, and GDP losses attributable to water risk (droughts, floods and storms) between 2022 and 2050. The modeling was created by Cambridge Econometrics.
And what else do you need to know
Picture: THOMAS PETER/REUTERS
IT WAS A RIVER
Satellite images collected by Climate Home News show what’s happening with humidity in the northern hemisphere: this summer, all waterways from China to the United States were severely affected, and Europe and the Middle East suffered extensive damage. “We can take the health of rivers as an indicator of how prepared we are for climate change, so we are not,” said activist Christine Colvin of the NGO The Rivers Trust and overheard the article.
Image: Description
AMAZON DAY
Next Monday (5th) is Amazon Day and from the 3rd to the 10th a cultural program will be held in all regions of the country. Among the attractions is the paraense Gaby Amarantos, who performed in São Paulo on Saturday. Organizers want to warn of the growing risk that Brazil, where most of this ecosystem is located, will lose the world’s largest rainforest due to the lack of an effective conservation policy. A campaign is trying to collect physical signatures on paper to pass a law that guarantees the protection of unallocated public land. These are the areas most deforested by land hunters, farmers, prospectors and loggers.
You can print the signature collection form on the website – it takes 1.5 million proven entries to get the bill to Congress.
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source: Noticias
