Daily CSR
Daily CSR

Daily CSR
Daily news about corporate social responsibility, ethics and sustainability

The Possible Damage Of Climate Change Worries The U.S. & The U.K.


Both the countries simultaneously publish their separate reports on climate change.

Dailycsr.com – 02 May 2016 – Sangeeta Haindle reports about a new study conducted by the “London School of Economics” which has been published in the “Nature Climate Change” journal. The report informs that the climate change could bring down the global financial assets’ value by “$2.5tn”.
Through “economic modelling”, the said research estimated that an “unchecked climate change” could strike at the assets through “increasingly extreme weather events”, while earnings may also come down in areas that face “high temperatures, drought and other climate change impacts”. However, the report also states that if actions are taken in the right direction to “tackle climate change” then the “financial losses would be reduced”; although fossil fuel sector is bound to reduce in value.
The aim of COP21 for “limiting global warming” is to keep the global temperature from rising over two degrees from “pre-industrial times”. Nevertheless, the way to achieve the same goal still remains to be chalked out. The total loss in “current financial assets” could be brought down to “$1,7 trillion”, if the rise of global temperature can be contained to “2°C” by the year of 2100.
Additionally, the study also stresses that if the temperature crossed the two degree limit line even by “0.5°C” by this century end, then the “$2.5 trillion” would still remain at stake. However, the study does not single out any sector on the basis of being “most at risk” from the climate change risk which includes “the destruction of buildings, bridges or roads by storms or floods to losses of agricultural productivity and enforced movement of populations”.
In fact, almost at the same time of LSE’s study, the White house also published its climate change report that gages the “Impacts of Climate Change on Human Health in the United States: A Scientific Assessment”. In a statement, the hite House warns:
 “From children to the elderly, every American is vulnerable to the health impacts associated with climate change, now and in the future.”
Below are a few health hazards caused by the climate change, as enlisted in the report of White House:
“...increase in air pollution and airborne allergens, making allergy and asthma conditions worse, where it is projected to lead to hundreds to thousands of premature deaths, hospital admissions, and cases of acute respiratory illnesses each year in the U.S. by 2030; while warmer winter and spring temperatures are set to lead to earlier annual onset of Lyme disease cases in eastern America; and extreme heat is to be expected to cause an increase in the number of premature deaths”.
Coincidentally, both the studies highlights the “consequences of climate change” that are already visible all over the world, while drawing our attention to the urgency of the matter which requires our immediate attention. The most import of all is to cut down on carbon emissions.