Global Warming Will Cost Us More to Live
07/25/2013
Global warming may force residents from low-lying areas.
Hello, again, and welcome! I’m Jim Tedder in Washington. On today’s program, a look at what’s happening all around us. Our planet is getting hotter, and more ice is melting. Some scientists say that many low-lying areas will disappear under the sea if this continues. And, of course, there is a cost to nearly everything. How will a changing earth affect what we have to pay just to live? That’s where we will focus our attention on this edition of As It Is … on VOA.
A recent United Nations report says the world’s businesses may suffer from extreme weather events. It notes the possibility of bad effects from high temperatures from climate change and growing competition for natural resources.
The U.N. report says the financial cost of extreme weather events can be very negative. Floods in Australia in 2010 and 2011, for example, resulted in more than 350 million dollars in claims to an insurance company. That helped caused the company to suffer a 38 percent drop in profits over one three-month period. The same flooding led the mining group Rio Tinto to a large earnings loss.
Nick Nuttal is with the United Nations Environmental Program. He expresses concern about the effect of weather on the future supply of natural resources.
“We are living in a world of more extreme weather events. We are living in a world of rising water scarcity. We are living in a world where things like natural resources are being gobbled up at an increasing rate. By 2050, if we carry on this way, natural resource consumption will triple.”
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