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Is the price of climate change sustainable?

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发表于 2024-2-14 15:08:49 | 显示全部楼层 |阅读模式

In the complex global economic framework, traditional financial analysis may not be sufficient to evaluate the success of a project or business. In that sense, is the price we are paying for the alteration of our environment sustainable? As indicated in the article in the newspaper El , around 162 million tons of pollution are emitted into the atmosphere every day, directly influencing climate change and air quality. Faced with this scenario, problems arise such as the exacerbation of extreme climate phenomena, increase in the frequency and intensity of natural disasters, deterioration of human health , to name a few. Of course, to maintain a healthy planet and deal with these challenges, just like any healthy business, a significant budget needs to be allocated to asset maintenance. However, the question arises: are we really investing in preserving the health of our planet? Costs and impacts of climate change It is important to note that the 162 million tons of daily pollution contribute, for example, to triggering natural disasters, such as the 20 rain and storm events classified as 1 in 1,000 years, which have occurred in the United States alone since May .

Without a doubt, these phenomena result in significant costs and, at a macroeconomic level, climate change is generating a cost for the world of 16 million dollars per hour, as indicated by figures from the World Economic Forum. Global damages Morocco Phone Number List are estimated to reach between $1.7 and $3.1 trillion annually by 2050, spanning infrastructure, property, agriculture and human health. price of climate change In the last two decades, extreme weather events have cost around $2.8 trillion globally. Extreme events from 2000 to 2019, according to the Extreme Event Attribution methodology, translate into an average of 16.3 million dollars per hour, with 60,951 human deaths related to climate change. Focusing on Mexico, climate change is projected to represent up to 3.2% of the Gross Domestic Product (GDP) in 2050, mainly due to phenomena such as hurricanes and storms, according to reports from the SCT and the Mexican Transport Institute. Urgency in the face of the price of climate change On a global scale, discussions of “loss and damage” are central to climate conferences, such as COP28 in Dubai.



Developing countries, which have contributed relatively little to climate change, face significant economic and physical costs due to extreme weather events. Shocking examples, such as the extreme rainfall in Pakistan in 2022, show the devastation that can result from a lack of preparation. More than 1,700 people died, millions lost their homes and livelihoods, and vast tracts of crops were lost. Faced with this reality, a crucial question arises: how are we willing to assume the cost of climate change? The transition from fossil fuels to renewable sources entails significant challenges and requires considerable efforts. However, the unplanned bill is already making its appearance, demanding immediate reflection on the sustainability of our choices and actions. price of climate change Sustainability and the transition to renewable energies Against this backdrop, sustainability has emerged as a crucial element for the well-being of the planet and companies.

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