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Rising temperatures due to climate change will strongly affect economic growth around the world, making some countries richer and some poorer.
Extreme heat, it turns out, is very bad for the economy. Crops fail. People work less, and are less productive when they do work.
That's why an increase in extremely hot days is one of the more worrisome prospects of climate change. To predict just how various countries might suffer or benefit, a team of scientists at Stanford and the University of California, Berkeley, have turned to historical records of how temperature affects key aspects of the economy. When they use this data to estimate how various countries will fare with a warming planet, the news isn't good.
Because poorer countries, including those in much of South America and Africa, already tend to be far hotter than what's ideal for economic growth, the effect of rising temperatures will be particularly damaging to them. Average income for the world's poorest 60 percent of people by century's end will be 70 percent below what it would have been without climate change, conclude Hsiang and his coauthors in a recent Nature paper. The result of the rising temperatures, he says, "will be a huge redistribution of wealth from the global poor to the wealthy."
(Score: 4, Insightful) by jmorris on Saturday December 31 2016, @05:32PM
Ya know, the obvious alarmism is offputting to those of us with brains. Only a few days ago we got OBQ: [How Much] Should We Bioengineer Animals to Live in Our Damaged World? [soylentnews.org] which was so over the top funny it should have just imported the "foot" icon from the other place. And that was on the same day as this (North Pole at Melting Point [soylentnews.org]) Xmas Cheer. Which was of course not nearly as much fun as A Christmas Miracle for Soylent News? [soylentnews.org] which -could- have been an interesting discussion had it not been hijacked to this same goddamned religious debate right in the summary.
We have been drowning in these stupid sermons for decades now, since the year or so gap between when COMING ICE AGE! went out of style and MOTHER EARTH WILL BURN US IF WE DO NOT REPENT NOW! came into fashion. Just stop. Make a New Years resolution to just quit the scaremongering cold turkey. Or can we at least get an executive decision to put a bible icon and "religious" category to file all of these stories under?
(Score: 0) by Anonymous Coward on Sunday January 01 2017, @03:16AM
Study the chart at the top of this page. [nasa.gov]
But, uneducated rants and conspiracy theories are what made the Internet great.