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Temperature rise due to climate change has negatively affected labour productivity in the past decades and will keep damaging it, potentially at a higher extent than what has been estimated in the literature up to now.
Temperature rise due to climate change has negatively affected labour productivity in the past decades and will keep damaging it, potentially at a higher extent than what has been estimated in the literature up to now. In South Africa, a future scenario with severe climate change will feature a reduction of per capita GDP of up to 20% by the end of the century, compared to an idealized future without the impacts of a changing climate.
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Some of the low-carbon policy options currently used by governments may be detrimental to the households and small businesses less able to manage added short-term costs from energy price hikes, according to a new study.
However, it also suggests that this menu of decarbonising policies, from quotas to feed-in tariffs, can be designed and balanced to benefit local firms and lower-income families - vital for achieving Net Zero carbon and a green recovery.
University of Cambridge researchers combed through thousands of studies to create the most comprehensive analysis to date of widely used types of low-carbon policy, and compared how they perform in areas such as cost and competitiveness.
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Some of the low-carbon policy options currently used by governments may be detrimental to the households and small businesses less able to manage added short-term costs from energy price hikes, according to a new study.
However, it also suggests that this menu of decarbonising policies, from quotas to feed-in tariffs, can be designed and balanced to benefit local firms and lower-income families - vital for achieving Net Zero carbon and a green recovery.
University of Cambridge researchers combed through thousands of studies to create the most comprehensive analysis to date of widely used types of low-carbon policy, and compared how they perform in areas such as cost and competitiveness.
A review of ten types of policy used to reduce carbon suggests that some costs fall on those less able to bear them – but it also shows these policies can
Counting the cost 2020: A year of climate breakdown (December 2020)
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Report identifies ten extreme events, influenced by climate change, that each caused $1.5 billion damage or more.
Storm Ciara which struck UK and Europe in February cost $2.7 billion and killed 14 people.
Floods, windstorms, tropical cyclones and fires killed thousands of people across the globe.
A new report by Christian Aid,
Ten of those events cost $1.5 billion or more, with nine of them causing damage worth at least $5 billion. Most of these estimates are based only on insured losses, meaning the true financial costs are likely to be higher.
Among them is Storm Ciara which struck the UK, Ireland and other European countries in February costing $2.7 billion and killing 14. The UK s Environment Agency issued 251 flood warnings.