World Bulletin / News Desk
More than 100 million people will die and global economic growth will be cut by 3.2 percent of gross domestic product (GDP) by 2030 if the world fails to tackle climate change, a report commissioned by 20 governments said on Wednesday.
As global average temperatures rise due to greenhouse gas emissions, the effects on the planet, such as melting ice caps, extreme weather, drought and rising sea levels, will threaten populations and livelihoods, said the report conducted by humanitarian organisation DARA.
It calculated that five million deaths occur each year from air pollution, hunger and disease as a result of climate change and carbon-intensive economies, and that toll would likely rise to six million a year by 2030 if current patterns of fossil fuel use continue.
More than 90 percent of those deaths will occur in developing countries, said the report that calculated the human and economic impact of climate change on 184 countries in 2010 and 2030. It was commissioned by the Climate Vulnerable Forum, a partnership of 20 developing countries threatened by climate change.
"A combined climate-carbon crisis is estimated to claim 100 million lives between now and the end of the next decade," the report said.
It said the effects of climate change had lowered global output by 1.6 percent of world GDP, or by about $1.2 trillion a year, and losses could double to 3.2 percent of global GDP by 2030 if global temperatures are allowed to rise, surpassing 10 percent before 2100.
It estimated the cost of moving the world to a low-carbon economy at about 0.5 percent of GDP this decade.
COUNTING THE COST
British economist Nicholas Stern told Reuters earlier this year investment equivalent to 2 percent of global GDP was needed to limit, prevent and adapt to climate change. His report on the economics of climate change in 2006 said an average global temperature rise of 2-3 degrees Celsius in the next 50 years could reduce global consumption per head by up to 20 percent.
Temperatures have already risen by about 0.8 degrees Celsius above pre-industrial times. Almost 200 nations agreed in 2010 to limit the global average temperature rise to below 2C (3.6 Fahrenheit) to avoid dangerous impacts from climate change.
But climate scientists have warned that the chance of limiting the rise to below 2C is getting smaller as global greenhouse gas emissions rise due to burning fossil fuels.
The world's poorest nations are the most vulnerable as they face increased risk of drought, water shortages, crop failure, poverty and disease. On average, they could see an 11 percent loss in GDP by 2030 due to climate change, DARA said.
"One degree Celsius rise in temperature is associated with 10 percent productivity loss in farming. For us, it means losing about 4 million metric tonnes of food grain, amounting to about $2.5 billion. That is about 2 percent of our GDP," Bangladesh's Prime Minister Sheikh Hasina said in response to the report.
"Adding up the damages to property and other losses, we are faced with a total loss of about 3-4 percent of GDP."
Even the biggest and most rapidly developing economies will not escape unscathed. The United States and China could see a 2.1 percent reduction in their respective GDPs by 2030, while India could experience a more than 5 percent loss.
Nobel Prize-winning scientists' discovery can be manufactured cheaper thanks to Nanografi process.
Most industry experts expect the first product of 5G technology in the run-up to the Tokyo Olympics in 2020.
The slowdown in the rate of rising temperatures, from faster gains in the 1980s and 1990s, has puzzled scientists because heat-trapping greenhouse gas emissions
The discovery challenges currently held theories that black holes and their host galaxies grew in relative lockstep over the eons.
Australian researchers are developing the new way to have a final product for Boeing Co, Airbus Group NV, very quickly than now. 3D printing can cut production times for components from three months to just six days.
Bogachev is charged in the United States with running a computer attack network called GameOver Zeus that allegedly stole more than $100 million from online bank accounts.
The account started sharing videos and photos of the militant group a few days ago
U.S., UK spies hacked SIM card maker Gemalto's system, Intercept says, giving spies ability to monitor calls on billions of phones
The next time an earthquake hits the Pacific Northwest, a handful of computers in offices across the region will have access to a software that will send out an alarm, alerting people before the earthquake strikes.
Researchers in Britain have discovered that limpet teeth exhibit a strength that is potentially higher than spider silk.
Epigenetic differences are one reason identical twins, who have identical DNA, do not always develop the same genetic diseases, including cancer.
Kaspersky said it found personal computers in 30 countries infected with one or more of the spying programs, with the most infections seen in Iran, followed by Russia, Pakistan, Afghanistan, China, Mali, Syria, Yemen and Algeria.
The makers of mobile travel app "Bey2ollak" have warn on bomb scares and resulting hold-ups in Cairo and Alexandria using the hashtag #WhereIsTheBomb.
The preschool programme, aimed at children aged between three and six, is based on the Finnish National Curriculum, widely considered one of the world's best education systems.
Kansai Electric is aiming to start the reactors by November, according to a plan submitted to the government to raise electricity prices, a spokesman said on Thursday.