Climate change has worsened global economic inequality

A new Stanford University study shows global warming has increased economic inequality since the 1960s. Temperature changes caused by growing concentrations of greenhouse gases in Earth’s atmosphere have enriched cool countries like Norway and Sweden, while dragging down economic growth in warm countries such as India and Nigeria.

Canada and Norway has a per capita growth of more than 30% due to global warming.While India’s and Sudan’s economies are more than 30% smaller than what it would have been if there was no global warming.

Researchers analysed 50 years’ data for temperature and gross domestic products for 165 countries to estimate effects of temperature fluctuations on economic growth.

Data shows, crop yield and people’s health are better when it’s neither too hot not too cold, historical .This means in cold countries, a little bit of warming can help. The opposite is true for places that are hot.

Countries with high historical emissions are among those that have enjoyed the highest per capita GDP and fastest economic growth since the 1960s.

This new study emphasises the importance of increasing sustainable energy access for economic development in poorer countries

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