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.
NASA officials had planned to crash the spacecraft into the moon, after it transmitted its final batch of data.
The discovery is the closest scientists have come so far to finding a true Earth twin
An ambitious project in Turkey's south could see a pioneering clean energy project.
Depending on local weather conditions, the eclipse was visible across a swath of the United States
Google and Facebook have been competing in innovative ways to increase internet access globally and tap into previously untouched markets.
A 14-year-old Dutch girl who sent a terror threat to American Airlines as a Twitter “joke” has been arrested by police in Rotterdam
The legal action is the first to emerge from a humiliating episode for Microsoft, which the software company has never fully explained and has accounted for only as a "technical error."
The widespread bug surfaced late on Monday, when it was disclosed that a pernicious flaw in a widely used Web encryption program known as OpenSSL opened hundreds of thousands of websites to data theft.
For some, increased connectivity has allowed them to see social network and sharing websites like Youtube and Facebook for the first time.
The suspects exploited the fact that some users had the same pin number or password for both credit cards and the loyalty card to create fake cards and charge items earlier this year
The radar is part of a safety system that ensures a failed rocket will not threatened populated areas.
The World's latest solar energy technologies with innovative products produced in Turkey will be showcased at the fair.
Kaspersky Lab uncovered evidence that a few hacking groups believed to be involved in state-sponsored cyber espionage were running such scans shortly after news of the bug first surfaced
Facebook did not specify how many ads will now appear in the right-hand column, though a sample image on the blog showed a single ad in the right-hand column
StoreDot's device charged a dead Samsung S4 smartphone battery in 26 seconds during a demonstration of the product.