Economic Impacts of Global Warming - A Reality and NOT A Hoax
Economic Impacts of Global Warming - A Reality and NOT A Hoax
Subject : National Economic Planning II Submitted To : Prof. Robin Thomas :Submitted By: Sudip Vyas Puran Sen Dipesh Bhimani Sohil Vekariya Batch : FC 2 (1) ISBE, Ahmedabad.
Abstract
The issues involved in understanding global warming and taking policies to slow its harmful impacts are the major environmental challenge of the modern age. Global warming poses a unique mix of problems that arise from the fact that global warming is a global public good, is likely to be costly to slow or prevent, has daunting scientific and economic uncertainties, and casts a shadow over the globe for decades, perhaps even centuries to come. Global Warming is rising temperatures on Earths surface. Everything you buy or do someone must have polluted in order to make it. The Greenhouse effect is one of the major causes of Global Warming. Greenhouse gases naturally cover the Earth and keep it about 33 degrees Celsius warmer than it would be without those gases in the atmosphere. Greenhouse effect is heating of the Earth due to pressure of greenhouse gases. The gases that make up this are: Fluorocarbons 5%, methane 13%, Nitrous Oxide 6%, and Carbon Dioxide 76%. It is said Global Warming will affect our economy. After finding information on this huge topic we have found that the CO2 concentration in the atmosphere causes growth of plants to increase in a major fashion. This does cause plants like corn and beans to grow very big causing farmers to have an abnormal growing season. This will still cause the need for more food all around the world. The rising of cost production due to this food will result in prices rising. This growing of plants could also cause productivity losses. This is because insects have more to feed on, severe drought, and scarcity for water could happen due to all these plants. The challenge of coping with global warming is particularly difficult because it has spans many disciplines and parts of society. Ecologists may see it as a threat to ecosystems, marine biologists as a problem arising from ocean acidification, utilities as a debit to their balance sheets, and coal miners as an existential threat to their livelihood. Businesses may view global warming as either an opportunity or a hazard, politicians as a great issue as long as they dont need to mention taxes, ski resorts as a mortal danger to their already short seasons, golfers as a boon to yearround recreation, and poor countries as a threat to their farmers as well as a source of financial and technological aid. This many-faceted nature also raises challenges to natural and social scientists, which must incorporate a wide variety of geophysical, economic, and political disciplines in their diagnoses and prescriptions.
Acknowledgement
We would like to thank IIPM first for giving such a thoughtful topic and making us strong in Presentations. We would like to give immense thanks to Prof. Robin Thomas for his everlasting support. We have taken efforts in this project of effect of global warming on economy is not a hoax. However, it would not have been possible without the kind support and help of many batch mates, seniors, and faculty members. We would like to extend our sincere thanks to all of them.
We are highly indebted to IIPM faculties for their guidance and constant supervision as well as for providing necessary information regarding the project & also for their support in completing the NEP presentation.
Our thanks and appreciations also go to our group members in developing the NEP presentation and people who have willingly helped us out with their abilities.
: Table of Content:
1. 2. 3. 4. 5. 6. Chapters Global Warming An Overview Ecological Impacts Economical Impacts Glacier Melting Sea Level Rise Agriculture Natural Calamities Health Worldwide Economic Effects Africa India Japan Middle East Policies to Curb Global Warming References Page No. 5 11 14 16 19 22 24 28 30 31 33 34 38
:Global Warming:
A Brief Profile Global warming is the current rise in the average temperature of Earth's oceans and atmosphere. The scientific consensus is that global warming is occurring and was initiated by human activities, especially those that increase concentrations of greenhouse gases in the atmosphere, such as deforestation and burning of fossil fuels. This finding is recognized by the national science academies of all the major industrialized countries and is not rejected by any scientific body of national or international standing. As a result of the buildup of atmospheric greenhouse gases (GHGs), it is expected that significant climate changes will occurs in the coming decades and beyond. The major industrial GHGs are carbon dioxide (CO2), methane, ozone, nitrous oxides, and chlorofluorocarbons (CFCs). The most important GHG is CO2, whose emissions have risen rapidly in recent decades. The atmospheric concentration of carbon dioxide of 380 parts per million (ppm) in 2005 far exceeds the range over the last 650,000 years(estimated to be between 180 to 300 ppm). Current calculations from climate models are that doubling the amount of CO2 or the equivalent in the atmosphere compared with pre-industrial levels will in equilibrium lead to an increase in the global surface temperature of 2 to 4.5 degrees C, with a best estimate of about 3 C. During the 20th century, global surface temperature increased by about 0.74 C (1.33 F) Using computer models of the climate system based on six greenhouse-gas emission scenarios, the 2007 Fourth Assessment Report by the Intergovernmental Panel on Climate Change (IPCC) projected that global surface temperature is likely to rise1.1 to 6.4 C (2.0 to 11.5 F) by 2100. The suite of models and emissions scenarios used by the IPCC produce a range of temperature change over the 21 st century of between 1.8 and 4.0 C. Other projected effects are increases in precipitation and evaporation, an increase in extreme events such as hurricanes, and a rise in sea levels of 0.2 to 0.6 meters over this century. Some models also predict regional shifts, such as hotter and drier climates in mid-continental regions, such as the U. S. Midwest. Climate monitoring indicates that the actual global warming is occurring in line with scientific predictions.
Climate change The most general definition of climate change is a change in the statistical properties of the climate system when considered over long periods of time, regardless of cause. Accordingly, fluctuations over periods shorter than a few decades, such as El Nio, do not represent climate change. The term sometimes is used to refer specifically to climate change caused by human activity, as opposed to changes in climate that may have resulted as part of Earths' natural processes, and the differentiation of these two causes, human impact vs. natural processes is a key component of the climate change debate.
Source: http://data.giss.nasa.gov/gistemp/graphs
Causes Climate change reflects a change in the energy balance of the climate system, i.e. changes the relative balance between incoming solar radiation and outgoing infrared radiation from Earth. When this balance changes it is called "radiative forcing" Consequently, the debate is shifting onto ways to reduce further human impact and to find ways to adapt to change that has already occurred and is anticipated to occur in the future.
Temperature change The most common measure of global warming is the trend in globally averaged temperature near the Earth's surface. Expressed as a linear trend, this temperature rose by 0.74 0.18 C over the period 19062005. Recent estimates by NASA's Goddard Institute for Space Studies (GISS) and the National Climatic Data Center show that 2005 and 2010 tied for the planet's warmest year since reliable. Ocean temperatures increase more slowly than land temperatures because of the larger effective heat capacity of the oceans and because the ocean loses more heat by evaporation.
Fossil fuel burning The fossil fuels, which contain high percentages of carbon, include coal, petroleum, and natural gas. World energy consumption was growing about 2.3% per year. Fossil fuels are non-renewable resources because they take millions of years to form, and reserves are being depleted much faster than new ones are being made. The production and use of fossil fuels raise environmental concerns The burning of fossil fuels produces around 21.3 billion tonnes of carbon dioxide (CO2) per year, but it is estimated that natural processes can only absorb about half of that amount, so there is a net increase of 10.65 billion tonnes of atmospheric carbon dioxide per year (one tonne of atmospheric carbon is equivalent to 44/12 or 3.7 tonnes of carbon dioxide). Carbon dioxide is one of the greenhouse gases that enhances radiative forcing and contributes to global warming.
Deforestation Deforestation is the removal of a forest or stand of trees where the land is thereafter converted to a nonforest use. Examples of deforestation include conversion of forestland to farms, ranches, or urban use. The term deforestation is often misused to describe any activity where all trees in an area are removed.Deforestation occurs for many reasons: trees or derived charcoal are used as, or sold, for fuel or as timber, while cleared land is used as pasture for livestock, plantations of commodities, and settlements. The removal of trees without sufficient reforestation has resulted in damage.
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Economic Impacts of Global Warming A Reality and NOT a Hoax :Ecological Impacts:
In terrestrial ecosystems, the earlier timing of spring events, and pole ward and upward shifts in plant and animal ranges, have been linked with high confidence to recent warming. Future climate change is expected to particularly affect certain ecosystems, including tundra, mangroves, and coral reefs. It is expected that most ecosystems will be affected by higher atmospheric CO2 levels, combined with higher global temperatures. Overall, it is expected that climate change will result in the extinction of many species and reduced diversity of ecosystems. El Nino La Nina: El Nio and La Nia are different stages in a cyclical pattern of climate turbulence otherwise known by meteorologists as the Southern Oscillation. First noticed by 16th century fishermen on the Pacific coast of South America, these phenomena were not scientifically documented until the 1920s when scientists noticed periodic occurrences every three to seven years in the eastern Pacific. Since the 1970s, though, El Nio and La Nia have been occurring with more frequency and intensity. The Effects of El Nio According to the National Oceanic and Atmospheric Administration (NOAA), the El Nio part of the cycle involves warmer-than-usual sea temperatures, great amounts of rainfall (in the northern hemisphere) and low atmospheric pressure. The most extreme results of an El Nio event have included flooding from Ecuador to the Gulf of Mexico, massive marine life die-offs in the Pacific, hurricanes in Tahiti and Hawaii, and concurrent droughts in many other parts of the world from Southern India to Australia to Central America. The Effects of La Nia In contrast, cooler sea temperatures, high atmospheric pressure and drier air characterize the La Nia phase of the Southern Oscillation. During La Nia, currents bring nutrients up from the deep water, providing feast, rather than famine, for marine organisms. And accompanying strong winds blow moisture away, making for cloudless skies and dry conditions in equatorial countries from the International Date Line east to South America. How is Global Warming Related to El Nio and La Nia? Some scientists believe that the increased intensity and frequencynow every two to three yearsof El Nio and La Nia events in recent decades is due to warmer ocean temperatures resulting from global warming. In a 1998 report, scientists from NOAA explained that higher global temperatures might be increasing evaporation from land and adding moisture to the air, thus intensifying the storms and floods associated with El Nio. Another take on whats happening is from Kevin Trenberth, a climatologist at the Colorado-based National Center for Atmospheric Research. Trenberth believes that the Southern Oscillation may be functioning like a pressure release valve for the tropics. With global warming driving temperatures higher, ocean currents and weather systems might not be able to release all the extra heat getting pumped into the tropical seas; as such an El Nio occurs to help expel the excess heat.
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Ocean acidification is the name given to the ongoing decrease in the pH of the Earth's oceans, caused by their uptake of anthropogenic carbon dioxide from the atmosphere. Between 1751 and 1994 surface ocean pH is estimated to have decreased from approximately 8.25 to 8.14, representing an increase of approaching 30% in "acidity" (H+ ion concentration) in the world's oceans. pH(The pH scale measures how acidic or basic a substance is. The pH scale ranges from 0 to 14. A pH of 7 is neutral. A pH less than 7 is acidic. A pH greater than 7 is basic.) Acidification
Carbonate system of seawater Dissolving CO2 in seawater increases the hydrogen ion (H+) concentration in the ocean, and thus decreases ocean pH. ocean acidification and warmer surface temperatures increase the dangers to many aquatic animals, particularly crustaceans, molluscs and coral reefs. Coral reefs are very sensitive to temperature changes, with many of them already observed to have bleached and died thanks to climate change. The most direct impacts of ocean acidification will be on marine ecosystems. Desertification: Desertification is the degradation of land in arid, semi-arid, and dry sub-humidareas due to various factors: including climatic variations and human activities. Desertification is one of the worlds most alarming global environmental problems. It takes place worldwide in drylands. At least 90% of the inhabitants of drylands live in developing countries and they suffer the poorest economic and social conditions. Drylands occupy 41% of Earths land area and are home to more than 2 billion people.How global warming affects desertification is not entirely understood, yet it is clear that an elevation in atmospheric and ground-level temperatures is likely to aggravate soil and vegetation loss in already hot climes. An increase in evapotranspiration and the accompanying decrease in rainfall mean that already semi-arid and sub-humid areas found across the world would face a future barrenness that is almost irreversible. This would negatively affect biodiversity and have a major impact on local human cultures and wildlife.
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Economical Impacts:
Timber Industry: Fires and wildfires
As the planet continues to warm, dry areas of land that are already susceptible to wildfires are likely to be ravaged by even more frequent and destructive episodes. In 2007, more than 3,000 fires brought destruction to Southeastern Europe thanks to a long summer that created arid and parched conditions a situation that would become normal as a consequence of the greenhouse effect. The 2006 wildland fire season in USA set new records in both the number of reported fires as well as acres burned. Close to 100,000 fires were reported and nearly 10 million acres burned, 125 percent above the 10year average.Firefighting expenditures have consistently totaled upwards of $1 billion per year in USA.
Glaciers Melting: Mountain glaciers are one of the world's primary freshwater reservoirs, feeding rivers via snowmelt during the dry summer months and preventing flooding during the winter wet season. In other words, glaciers minimize seasonal variations in the availability of water, a service that is vital to many of the world's most agriculturally important regions. Furthermore, mountain glaciers offer an enormous global tourism value by supporting snow sports, mountain climbing, and general scenic beauty. The snow-capped peak of Mount Kilimanjaro in Tanzania, which attracts tens of thousands of visitors each year, has already lost 82 percent of its ice and will likely be completely melted by 2020. Also it is happening in Alaska, the Himalayas, and the Andes. Research in Antarctica confirmed that its glaciers were losing their mass at an unusual rapid rate. Pine islands glaciers lost their thickness at the rate of 1.6 meters per year. The average rate of ice loss since 2000 is over half a meter per year, which is three times the annual rate of the 1980s. Polar ice caps melting
The ice cap melting is a four-pronged danger. First, it will raise sea levels. There are 5,773,000 cubic miles of water in ice caps, glaciers, and permanent snow. According to the National Snow and Ice Data Center, if all glaciers melted today the seas would rise about 230 feet. Luckily, thats not going to happen all in one go! But sea levels will rise. Second, melting ice caps will throw the global ecosystem out of balance. The ice caps are fresh water, and when they melt they will desalinate the ocean, or in plain English make it less salty. The desalinization of the Gulf current will "screw up" ocean currents, which regulate temperatures. The stream shutdown or irregularity would cool the area around Northeast America and Western Europe. Luckily, that will slow some of the other effects of global warming in that area! Third, temperature rises and changing landscapes in the Artic Circle will endanger several species of animals. Only the most adaptable will survive.
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Sea Level Rise: Sea level is rising along most of the U.S. coast, and around the world. In the last century, sea level rose 5 to 6 inches more than the global average along the Mid-Atlantic and Gulf Coasts, because coastal lands there are subsiding. EPA, in coordination with the U.S. Geological Survey and the National Oceanic and Atmospheric Administration, has published a report, "Coastal Sensitivity to Sea Level Rise: A Focus on the Mid-Atlantic Region." The study is one of 21 climate change studiescommissioned being conducted by the U.S. Global Change Research Program (USGCRP). "Coastal Sensitivity to Sea-Level Rise: A Focus on the Mid-Atlantic Region" discusses the possible impacts of sea-level rise and how governments and communities can respond to rising waters. Higher temperatures are expected to further raise sea level by expanding ocean water, melting mountain glaciers and small ice caps, and causing portions of Greenland and the Antarctic ice sheets to melt. The International Panel on Climate Change (IPCC) estimates that the global average sea level will rise between 0.6 and 2 feet (0.18 to 0.59 meters) in the next century (IPCC, 2007). The range reflects uncertainty about global temperature projections and how rapidly ice sheets will melt or slide into the ocean in response to the warmer temperatures. Furthermore, some processes affecting sea level have long (centuries and longer) time-scales, so that current sea level change is also related to past climate change, and some relevant processes are not determined solely by climate. Climate models, satellite data and hydrographic observations demonstrate that sea level is not rising uniformly around the world. Depending on the region, sea level has risen several times the global mean rise, or has actually fallen (IPCC, 2007). While current model projections indicate substantial variability in future sea level rise at regional and local scales, the IPCC has concluded that the impacts are virtually certain to be overwhelmingly negative (IPCC, 2007). Rising sea levels inundate wetlands and other low-lying lands, erode beaches, intensify flooding, and increase the salinity of rivers, bays, and groundwater tables. Some of these effects may be further compounded by other effects of a changing climate. Additionally, measures that people take to protect private property from rising sea level may have adverse effects on the environment and on public uses of beaches and waterways. Some property owners and state and local governments are already starting to take measures to prepare for the consequences of rising sea level. Land Loss
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Africa:
Africa's geography makes it particularly vulnerable to climate change, and seventy per cent of the population rely on rain-fed agriculture for their livelihoods. Tanzania's official report on climate change suggests that the areas that usually get two rainfalls in the year will probably get more, and those that get only one rainy season will get far less. The net result is expected to be that 33% less maizethe country's staple cropwill be grown.Alongside other factors, regional climate change - in particular, reduced precipitation - is thought to have contributed to the conflict in Darfur.The combination of decades of drought,desertification and overpopulation are among the causes of the conflict, because the Baggara Arab nomads searching for water have to take their livestock further south, to land mainly occupied by farming peoples. With high confidence, IPCC (2007:13) concluded that climate variability and change would severely compromise agricultural production and access to food. Asia: With medium confidence, IPCC (2007:13) projected that by the mid-21st century, in East and Southeast Asia, crop yields could increase up to 20%, while in Central and South Asia, yields could decrease by up to 30%. Taken together, the risk of hunger was projected to remain very high in several developing countries. More detailed analysis of rice yields by the International Rice Research Institute forecast 20% reduction in yields over the region per degree Celsius of temperature rise. Rice becomes sterile if exposed to temperatures above 35 degrees for more than one hour during flowering and consequently produces no grain. Australia and New Zealand: Hennessy et al.. (2007:509) assessed the literature for this region. They concluded that without further adaptation to climate change, projected impacts would likely be substantial: By 2030, production from agriculture and forestry was projected to decline over much of southern and eastern Australia, and over parts of eastern New Zealand; In New Zealand, initial benefits were projected close to major rivers and in western and southern areas. Hennessy et al.. (2007:509) placed high confidence in these projections. Europe: With high confidence, IPCC (2007:14) projected that in Southern Europe, climate change would reduce crop productivity. In Central and Eastern Europe, forest productivity was expected to decline. In Northern Europe, the initial effect of climate change was projected to increase crop yields. Latin America: With high confidence, IPCC (2007:14) projected that in drier areas of Latin America, productivity of some important crops would decrease and livestock productivity decline, with adverse consequences for food security. In temperate zones, soybeanyields were projected to increase.
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Polar regions (Arctic and Antarctic): For the Guardian newspaper, Brown (2005) reported on how climate change had affected agriculture in Iceland. Rising temperatures had made the widespread sowing of barley possible, which had been untenable twenty years ago. Some of the warming was due to a local (possibly temporary) effect via ocean currents from the Caribbean, which had also affected fish stocks. Anisimov et al.. (2007:655) assessed the literature for this region.With medium confidence, they concluded that the benefits of a less severe climate were dependent on local conditions. One of these benefits was judged to be increased agricultural and forestry opportunities. Small islands: In a literature assessment, Mimura et al.. (2007:689) concluded, with high confidence, that subsistence andcommercial agriculture would very likely be adversely affected by climate change.
Shortage in grain production: Crops such as these sunflowers can be affected by severe drought conditions in Australia. Between 1996 and 2003, grain production has stabilized slightly over 1800 millions of tons. In 2000, 2001, 2002 and 2003, grain stocks have been dropping, resulting in a global grain harvest that was short of consumption by 93 millions of tons in 2003. The Earth's average temperature has been rising since the late 1970s, with nine of the 10 warmest years on record occurring since 1995.In 2002, India and the United States suffered sharp harvest reductions because of record temperatures and drought. In 2003Europe suffered very low rainfall throughout spring and summer, and a record level of heat damaged most crops from the United Kingdom and France in the Western Europe through Ukraine in the East. Bread prices have been rising in several countries in the region. Poverty impacts Researchers at the Overseas Development Institute (ODI) have investigated the potential impacts climate change could have on agriculture, and how this would affect attempts at alleviating poverty in the developing world.They argued that the effects from moderate climate change are likely to be mixed for developing countries. However, the vulnerability of the poor in developing countries to short term impacts from climate change, notably the increased frequency and severity of adverse weather events is likely to have a negative impact. This, they say, should be taken into account when defining agricultural policy. Crop development models Models for climate behavior are frequently inconclusive. In order to further study effects of global warming on agriculture, other types of models, such as crop development models, yield prediction, quantities of water or fertilizer consumed, can be used. Such models condense the knowledge accumulated of the climate, soil, and effects observed of the results of various agricultural practices. They thus could make it possible to test strategies of adaptation to modifications of the environment.
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Although global warming does not directly influence the formation of tsunamis, they can be generated by events that are brought about by an amplification of the planets temperature. One example is the melting of ice sheets. Being extremely heavy, massive glaciers apply a considerable amount of pressure to the Earths surface underneath them.
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A cold wave is characterized by a major plunge in temperature over a 24 hour period. It can be a devastating shock for crops and commerce, and also bring death and injury to humans and animals through accidents, hypothermia and starvation. Damage to pipelines and property can be costly, and, particularly if snowfall accompanies the cold wave, transport systems can grind to a halt, adversely affecting the distribution of food, water and medical supplies. More than 150 people lost their lives during the 2009 to 2010 winter after record low temperatures and abundant snowfall caused disruption to much of Europe which doesn't take into account the many thousands more excess winter deaths that were caused indirectly. It was the UKs coldest winter for three decades. It may seem illogical at first to attribute harsher cold weather to global warming, but a change in atmospheric patterns brought about by receding glacial ice can lead to the redirection of polar air currents and the sun's rays being absorbed by the larger areas of dark blue sea, while critical phenomena like the Gulf Stream can be affected by changing ocean temperatures as well.
As already noted, melting glaciations can usher in new, more frequent and more dangerous episodes of volcanic activity. The shifting pressures brought about by the lightening of the vast ice sheets allows the Earths crust to bounce back and can cause eruptions in unexpected places like the one experienced during Iceland's Gjlp eruption, where magma reached the surface at an unusual intermediary point between two volcanoes. Potent or sustained volcanic activity can have an immense impact on human life even if the activity is centred away from dense population centers. It also has the potential to affect the planets climate by injecting tons of gases and solids into the atmosphere that can remain there for weeks. More dangerous thunderstorms
A consequence of the increased amounts of humid air generated by global warming is that more thunderstorms will be triggered. Research into the dynamic between climate change and thunderstorm power and frequency suggests that by the end of the century the occurrence of major thunderstorms could rise by over 100% in some places. Not only that, but this increase would generally occur during the existing storm season and not at times when such storms might provide beneficial rainfall to arid areas. Thunderstorms are also a common way of starting the devastating wildfires mentioned above. Migration, conflict and wars
It is possible that future centuries could see increased friction between nations and ethnic groups as dwindling resources lead to migration and conflict. Countries and factions would seek to control precious, dwindling resources and provide safety and shelter for their own people perhaps at the cost of others. Simultaneously, previously heavily populated places would become uninhabitable due to heat or other factors, displacing millions of people. These refugee hordes might be corralled into semi-permanent camps, or even suffer at the hands of unwelcoming native groups.
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Loss of habitat for polar-ice edge communities such as polar bears is perhaps the most obvious consequence of having a warmer climate. Animals that are entirely dependent on cold environments will retreat to more northerly locations as the planet heats up leading to encroachment upon other eco-systems and displacement of other animals from their natural habitat. A strong connection between oceanic warming, declines in reproduction and increases in mortality rates among seabirds, seals and sea lions has already been observed. Acid rain has also been identified as having an adverse influence. One example of this is the death of large amounts of snails in areas prone to acidic precipitation. Birds depend upon the snails as a calcium-rich food source and, without a suitable replacement for this loss to their diet, lay eggs with a much higher amount of defective shells.
The worlds oceans absorb roughly 30% of all anthropogenic carbon dioxide that seeps into the atmosphere, and so inevitably, as more fossil fuels are burned, ocean life will continue to suffer the negative consequences of global warming. One of the most critical changes brought about by global warming is the ongoing reduction of phytoplankton. These tiny plants are an integral food source for ocean life and are responsible for around half of the worlds photosynthetic activity. Essentially, they are the foundations of the oceanic food chain, so a reduction in their numbers creates a knock-on effect that ripples up the entire food chain, particularly affecting the predators at the top. Additionally, ocean acidification and warmer surface temperatures increase the dangers to many aquatic animals, particularly crustaceans, molluscs and coral reefs. Coral reefs are very sensitive to temperature changes, with many of them already observed to have bleached and died thanks to climate change.
With greatly reduced rainfall, more severe droughts and loss of soil fertility, food and water supplies would soon diminish, resulting in higher prices, famine, disease, malnutrition, starvation and, ultimately, death. Politically unstable countries or badly affected areas might descend into various degrees of anarchy, with governmental collapses and shifts in authority as those in control of resources become more powerful. Countries that still retain good food and water resources might be unwilling to part with these vital commodities or accept the millions of refugees that would seek new homes. Ultimately these consequences would be catastrophic. Warmer waters and more hurricanes
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Economic consequences
Most of the effects of anthropogenic global warming wont be good. And these effects spell one thing for the countries of the world: economic consequences. Hurricanes cause billions of dollars in damage, diseases cost money to treat and control and conflicts exacerbate all of these. Increased Hurricanes Cost U.S. Billions:
Many experts believe that global warming increases the size and frequency of hurricanes. In 2005, Hurricane Katrina created $125 billion in damage, with $66 billion in insured losses.It caused GDP to decline from 3.8% in Q3 to 1.3% in Q4 2005. In 2008, Hurricane Gustav andHurricane Ike hit the U.S. Though they did not cause as much damage, they support the trend of more frequent and more severe hurricanes caused by global warming.
Health Crisis: A World Bank report estimates that environmental degradation costs India around $80bn a year in terms of public health. Cost of air pollution around country is 9% GDP, $117 billion Health Costs Determined by estimating monetary values for associated morbidity (illness) and mortality (death). Scientists the globe over have observed changes that are impacting individuals' health and have also created models to predict where we might be headed. Here's a sampling of what we could be discussing with our doctors in the decades to come. Stepped-up sniffling. Allergiesfrom ragweed in the fall to tree pollen in the springare predicted not only to become stronger but also to enjoy lengthened seasons because of less frost and earlier blooming. Fungal spores (those outdoors and in moist basements) will most likely thrive, tickling the throats of many. Algae-related complaints. Cyanobacteria, or blue-green algae, thrive and bloom in the rising temperatures of bodies of water, from municipal water systems to the Great Lakes and Florida's Lake Okeechobee. The algae have been linked to digestive, neurological, liver, and dermatological diseases. Painful kidney stones. Because of higher temps and more dehydration, the crystallized calcifications that must be passedoften painfullythrough the urinary tract could plague an additional 2.2 million people a year by 2050, researchers estimate. The current "kidney stone belt," which includes southern states like Florida, the Carolinas, and Arkansas, could extend up into Kentucky and northern California. Exotic infections. Dengue fever, malaria, and encephalitis, while not exactly household names, have seen U.S. outbreaks and upticks in incidence in recent years. Mosquitoes and plankton, which flourish in warmer water temperatures, play a key role in transmitting such diseases. Itchier cases of poison ivy. Poison ivy appears to become more potent as carbon dioxide levels rise, research has suggested.
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Heat waves were also reported in 2003 in Andhra Pradesh, India, and caused the deaths of 3,000 people In July 1995, a heat wave killed more than 700 people in the Chicago area alone. Studies based on these types of statistics estimate that in Atlanta, for example, even a warming of about two degrees (F) would increase heatrelated deaths from 78 annually now to anywhere from 96 to 247 people per year. Intergovernmental Panel on Climate Change (IPCC) scientists project that warmer climates will increase malaria-carrying mosquitoes and put 65% of the worlds population at risk of malarial infection-an increase of 20% from the 1990s. In brief - global warming can soon become a risk factor for heat strokes, cardiovascular and respiratory problems. People with an ailing heart are especially vulnerable because the cardiovascular system has to work harder to cool the body in very hot weather. High air temperatures increase the ozone concentration at ground level. Natural ozone layer in the upper atmosphere protects the earth from the suns harmful ultraviolet radiation; but at ground level ozone becomes a harmful pollutant that damages lung tissue and aggravates asthma and other breathing diseases. Even in healthy individuals exposure to modest levels of ozone can cause nausea, chest pain and pulmonary congestion.
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Economic Impacts of Global Warming A Reality and NOT a Hoax Worldwide Economical Effects:
Africa:
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World Economic Impact of Climate Change as a share of Production with Moderate Warming (3.8o F) Country Loss (+) Gain (-) Without Catastrophe With Possibility of Catastrophe
Russia China United States Japan Eastern Europe Low Income OECD Europe Africa India Average
-1.60% -0.30% 0.01% 0.05% 0.20% 1.55% 0.90% 3.52% 2.66% 0.80%
-0.70% 0.20% 0.50% 0.50% 0.70% 2.60% 2.80% 3.90% 4.90% 1.90%
Note: Catastrophe is a climate event that would reduce income by 20% indefinitely, similar to the great depression.
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:India:
India may be a long way from melting polar ice caps, but its economy will be among the worst affect on account of climate change. According to a report by Lehman Brothers India's GDP would dip by 5% for every two degree temperature rise. John Llewellyn Lehman Brothers global economist, said, climate changes are likely to affect India in a host of ways. Both India and Bangladesh would face problems because of rising sea levels. Agricultural productivity would also be affected as monsoons will be short with intense bursts. Water supply would also suffer because of lesser snowfall in the Himalayas, which provide water for 40% of the world's population. The effect on GDP will be non-linear. Initially, every 2 degree rise in temperature would result in a 3% dip in global GDP(Total GDP Of India is $1.38 Trillion, i.e. $41.4 Billion or Indian Rs.1.83 Trillion loss in GDP). The next 2 degrees would do even more damage to the economy. However for India the effects are likely to be much more harmful. For every 2 degree rise in temperature the effect on GDP is 5% ( $69 Billion and Indian Rs. 3 Trillion) and for the next 6 degrees it would be 15-16%( $ 207 Billion and Indian Rs.9.25 Trillion). He feels that India may lag China and be amongst the last of the major emitters to enact policy that seriously bears down on greenhouse gas emissions. According to Mr Llewellyn, there is both a direct and indirect effect due to climate changes and this differs from sector to sector and country to country. Incidentally the largest developers of clean development mechanism (CDM) projects are in China, while India hosts the largest number of these projects. According to Mr. Llewellyn these projects represents revenue transfers for countries like India. India will continue to reap the benefit for the next 5-10 years. At present, the carbon emitters in Europe pay up to euro 20 a tonne for their emissions. As per the Kyoto Protocol on global warming, countries will have to pay for high carbon emissions and can also trade with deficient countries. While, the developed world, led by USA and Europe are among the high polluters, India, China, along with most developing countries are among the deficient countries who can earn revenues from trading in these emissions.
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Japan:
1. 2. 3. 4.
New Climate Change Policy Program Integration of the environment and economy Step by step approach All sectors should make their utmost efforts to take actions. International cooperation.
Total Emissions as a Percentage of Base Year. (Note)In attaining these targets, the Government shall continue its emission reduction efforts beyond these targets where possible. The Government shall also study the way to use the Kyoto Mechanisms.
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Energy Efficiency
o Green Buildings: Green building (also known as green construction or sustainable building) refers to a structure and using process that is environmentally responsible and resource-efficient throughout a building's lifecycle: from sitting to design, construction, operation, maintenance, renovation, and demolition. This practice expands and complements the classical building design concerns of economy, utility, durability, and comfort. o Energy Audit in Industry: An energy audit is an inspection, survey and analysis of energy flows for energy conservation in a building, process or system to reduce the amount of energy input into the system without negatively affecting the output(s). Increasingly in the last several decades, industrial and agricultural energy audits have exploded as the demand to lower increasingly expensive energy costs and move towards a sustainable future have made energy audit greatly important. he main issues of an audit process are: The analysis of building and utility data, including study of the installed equipment and analysis of energy bills; The survey of the real operating conditions; The understanding of the building behaviour and of the interactions with weather, occupancy and operating schedules; The selection and the evaluation of energy conservation measures; The estimation of energy saving potential; The identification of customer concerns and needs.
Renewable Energy
Solar Energy: Solar power is the conversion of sunlight into electricity, either directly using photovoltaics (PV), or indirectly using concentrated solar power (CSP) or to split water and create hydrogen fuel using techniques of artificial photosynthesis. Concentrated solar power systems use lenses or mirrors and tracking systems to focus a large area of sunlight into a small beam. Photovoltaics convert light into electric current using thephotoelectric effect. Commercial concentrated solar power plants were first developed in the 1980s, and the 354 MW SEGS CSP installation is the largest solar power plant in the world and is located in the Mojave Desert of California. Other large CSP plants include the Solnova Solar Power Station (150 MW) and the Andasol solar power station (100 MW), both in Spain. The 97 MW Sarnia Photovoltaic Power Plant in Canada, is the worlds largest photovoltaic plant. Wind Power: Wind power is the conversion of wind energy into a useful form of energy, such as using wind turbines to make electricity, windmills for mechanical power, windpumps for water pumping or drainage, or sails to propel ships.
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Carbon Sequestration
Carbon sequestration is the capture of carbon dioxide (CO2) and may refer specifically to: o "The process of removing carbon from the atmosphere and depositing it in a reservoir."When carried out deliberately, this may also be referred to as carbon dioxide removal, which is a form of geo engineering. o The process of carbon capture and storage, where carbon dioxide is removed from flue gases, such as on power stations, before being stored in underground reservoirs. o Natural biogeochemical cycling of carbon between the atmosphere and reservoirs, such as by chemical weathering of rocks. o Carbon sequestration describes long-term storage of carbon dioxide or other forms of carbon to either mitigate or defer global warming. It has been proposed as a way to slow the atmospheric and marine accumulation of greenhouse gases, which are released by burning fossil fuels. Reducing Carbon Footprint: A carbon footprint is "the total set of greenhouse gas (GHG) emissions caused by an organization, event, product or person." Greenhouse gases can be emitted through transport, land clearance, and the production and consumption of food, fuels, manufactured goods, materials, wood, roads, buildings, and services. For simplicity of reporting, it is often expressed in terms of the amount of carbon dioxide, or its equivalent of other GHGs, emitted. The concept name of the carbon footprint originates from ecological footprint discussion. The carbon footprint is a subset of the ecological footprint and of the more comprehensive Life Cycle Assessment (LCA). An individual's, nations, or organization's carbon footprint can be measured by undertaking a GHG emissions assessment. Once the size of a carbon footprint is known, a strategy can be devised to reduce it, e.g. by technological developments, better process and product management, changed Green Public or Private Procurement (GPP), carbon capture, consumption strategies, and others. The mitigation of carbon footprints through the development of alternative projects, such as solar or wind energy or reforestation, represents one way of reducing a carbon footprint and is often known as Carbon offsetting The main influences on carbon footprints include population, economic output, and energy and carbon intensity of the economy. These factors are the main targets of individuals and businesses in order to decrease carbon footprints. Scholars suggest the most effective way to decrease a carbon footprint is to either decrease the amount of energy needed for production or to decrease the dependence on carbon emitting fuels.
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2009 Estimate
60 200 MW/hr 5MW/hr 0 195 97.50%
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Hurricane Cost : Frank Ackerman and Elizabeth A. Stanton Global Development and Environment Institute and Stockholm Environment Institute-US Center, Tufts University
IPCC, 2007: Climate Change 2007: Impacts, Adaptation and Vulnerability . Contribution of Working Group II to the Fourth Assessment Report of the Intergovernmental Panel on Climate Change [Parry, Martin L.,
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Issues in Middle East: Nature: Increased seasonality in Middle East temperatures during the last interglacial period, Felis Thomas, march 2004 Social Science Research Network: Climate Change and Water Resources in the Middle East: Vulnerability, Socio-Economic Impacts, and Adaptation, El-Faddel, Bou-Ziad, 2001
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