Confronting Climate Change
Effects of Climate Change
Effects of Climate Change
The Climate Crisis is Here
Climate change is affecting many economic sectors: The time to drive innovation is now
- Altering the value of real estate, causing some areas to appreciate and others to decline
- Presenting new financial risks, disclosure requirements, and insurance considerations
- Posing operating challenges for businesses and their supply chains
As climate change continues, businesses, governments, and citizens will have an opportunity to work together to:
- Implement new policies for mitigating or adapting to climate change at the local, state, federal, and international levels
- Transform the sources of energy we rely on, how and where we grow food, the modes of transportation we use, the infrastructure of cities, and the materials we use to build them
- Adapt to climate change by making vulnerable areas more resilient and decide when to rebuild, restrict development, or retreat
Economic development and innovative technologies have contributed to climate change—and are also essential to address it. Government policies can create incentives to accelerate progress.
The Intergovernmental Panel on Climate Change (IPCC), which includes more than 1,300 scientists from around the world, forecasts a temperature rise of 1.4° to 5.5° Celsius by 2100 with serious consequences for business and for the natural systems on which our current ways of life depend.
According to the IPCC, greenhouse gas emissions must be net zero by 2050 to keep global warming below 1.5° C and thereby avoid the most serious impacts of climate change.[1]
Major Effects of Climate Change
Sea Level Rise
Extreme Weather
Climate Migrants
Poor Health
Water
Air Pollution
Mass extinctions and ecosystem collapse
Changing agricultural conditions
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- “Special Report: Global Warming of 1.5° C,” Intergovernmental Panel on Climate Change (IPCC), 2018, accessed October 8, 2019.
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- “Global Temperature,” National Aeronautics and Space Administration (NASA), 2019, accessed September 8, 2019.
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- “July 2019 Was Hottest Month on Record for the Planet,” National Oceanic and Atmospheric Administration (NOAA), August 15, 2019.
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- “The Global Risks Report 2019,” World Economic Forum (WEF), January 15, 2019.
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- “Climate Change and Health,” World Health Organization (WHO), February 1, 2018.
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- “Let’s Talk About Climate Migrants, Not Climate Refugees,” United Nations (UN), June 6, 2019.
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- “Climate change and health,” World Health Organization (WHO), February 1, 2018.
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- “Summary for policymakers of the global assessment report on biodiversity and ecosystem services of the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services,” Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES), May 29, 2019.
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- “The effects of climate change,” National Aeronautics and Space Administration (NASA), 2019, accessed September 8, 2019.