Socio-Economic Impacts of Climate Change

Abstract

It is a pressing issue where climate change becomes a real threat to the world's economies and societies. Impacts of changes in climate are already visible; they range from increase in sea levels to rises in extreme occurrences of weather to changes in agricultural yields. These will worsen with time, affecting the entire global economy and society. Impacts on Socio-economic Development: The impacts of climate change cross a whole lot of socio-economic dimensions and include those in:

            According to expectations, climate change will decrease the global economic growth up to 2% by 2050. This is a result of several considerations, including the costs of climate adaptation, impacts of climate change on agricultural production, and human capital loss due to climate-related disasters.

           Poverty will rise to up to 20% in 2050. Some of the factors that may contribute towards this increase include changed agricultural yields due to climate change, lost human capital as a result of disasters made evident through climatic changes, and costly food and water resulting from climatic changes.Human health will most probably degrade under climate change. This is due to the enhanced incidence and intensity of extreme events, increased spread of infectious diseases and pollution in the air.

Climate change, again, will raise conflict and instability threats because of the contest over scarce resources, displacement by climate-related disasters, and increased frequency and severity of extreme weather events. Societal and economic impacts of climate change are a serious threat to the global economy and society. Mitigation of climate change and adaptation to its impacts are crucial measures. we also focus on following …

• Impacts on Human Health
• Impacts on Food Security and Agriculture
• Impacts on Infrastructure and Urban Development
• Impacts on Economic Growth and Development
• Impacts on Vulnerable Populations
• Global Economic Impacts

Keywors:- Socio-economic, Resources, Climate Change, Food Security, Mitigation, Agricultural Yields, Climate Adaptation, Agricultural Production, Human capital, weather events, Disasters, Economic growth, Poverty, Societal, Development, Infrastructure, Human capital loss, Society, Vulnerable Populations,Global Economic, Pollution, Adaptation, Crucial measures