Climate Change and the Economy - Cecil Togarepi University of Namibia/CLARE-Namibia Project

Climate Change and the Economy Climate Change and the Economy Cecil Togarepi University of Namibia/CLARE-Namibia Project Short Course for NRE/EPA Parliamentarians 2021 How Climate change impacts on the economy • Loss of land area, including beaches and wetlands, because of sea-level rise • Loss of species and forest area • Disruption of water supplies to cities and agriculture • Increased air cond. [...] • Rising temperatures are projected to reduce the efficiency of power generation while increasing energy demands, resulting in higher electricity costs Climate change impacts for agricultural economy • The sector most vulnerable to climate risk is agriculture. [...] • Without substantial and sustained mitigation and adaptation efforts, climate change is expected to cause losses to infrastructure and property and impede the rate of economic growth • Poorer countries are more exposed to the weather because of the important role of agriculture and water resources in the economy Cost of climate action • Cost of inaction greater than the cost of action • The Stern. [...] Our economy and climate risk • Increase in temperature and extreme events cause human health problems, reduces productivity, negatively affects agriculture, forestry, fisheries and tourism and increased energy demand water supply stress. [...] • The full extent of climate change risks to interconnected systems, many of which span regional and national boundaries, is often greater than the sum of risks to individual sectors.