Climate costs South Africa 10% of its GDP

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Climate costs South Africa 10% of its GDP
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According to research from Standford University, the biggest perpetrators of pollution are already benefiting from global warming. And those responsible for the least carbon emissions are paying the highest price.

Massive weather events are wiping out entire communities and making life for everyone harder, more expensive and more dangerous. This is the reality of a world where carbon emissions are driving climate breakdown. But it’s a reality that is not being fairly shared., said poor countries along the tropics would have 24% larger economies if it wasn’t for global warming. This is because the world is 1°C hotter than it was a century ago.

The 19 countries with the highest carbon emissions have seen their economies grow by an average of 13%. Norway, for example, is 34% wealthier thanks to increased temperatures. The new research calculated 20 000 versions of how each country would have progressed without temperature increases. While this still leaves uncertainties because all sorts of things impact on economic growth, the sheer number of calculations and countries included resolved any obvious variables.

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