Question

How does Climate Change Impact our Economy?Do you think climate change will have an impact on economic decisions? If yes, how? On what type of industries? (2-3 paragraphs)

Answer 1

Climate change can be attributed to increasing carbon dioxide in out atmosphere . Due to global warming , pollution , climatic changes our economy will face many difficulties . Firstly , fishing , agriculture , forestry industry will face great risk because they are directly dependent on natural resources which are getting depleted day be day due to climatic changes . Marine life is shrinking causing less supply of food . Natural disasters , frequent hurricanes is taking high toll on working population in these industries .

High temperatures and increase in global warming causes crop failures in certain zones , leading to food inflation . Also worker productivity declines due to intense heat .

Climatic changes cause unpredictable droughts and floods which causes loss of life and property . This reduces production and economic growth . To avoid extreme climates people often emigrate causing loss of working population for a country . Also decline is species specially fish yeild leads to damage of other industries related to it .