Global Wealth Gap Would Be Smaller Today Without Climate Change, Study Finds
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A study by two Stanford University professors found that as global temperatures rise, economic growth slowed in poor countries and accelerated in rich countries. It was estimated that the gap between the richest and poorest countries' per capita income is 25 percentage points bigger than if there was no climate change. It is believed that this is due to the location of 3rd world countries. Poor countries are typically concentrated near the equator, causing them to be more sensitive to the slightest changes in temperature. The higher temperatures can affect crop production, human health, and productivity. However, richer countries located further north benefit from the rising temperatures. I find this to be very interesting. I never would have thought that the global wealth gap would be an effect of climate change. I think that it is upsetting that even though richer countries are contributing more to climate change, poorer countries are the ones suffering.
A study by two Stanford University professors found that as global temperatures rise, economic growth slowed in poor countries and accelerated in rich countries. It was estimated that the gap between the richest and poorest countries' per capita income is 25 percentage points bigger than if there was no climate change. It is believed that this is due to the location of 3rd world countries. Poor countries are typically concentrated near the equator, causing them to be more sensitive to the slightest changes in temperature. The higher temperatures can affect crop production, human health, and productivity. However, richer countries located further north benefit from the rising temperatures. I find this to be very interesting. I never would have thought that the global wealth gap would be an effect of climate change. I think that it is upsetting that even though richer countries are contributing more to climate change, poorer countries are the ones suffering.
It is crazy that even with nature, the rich countries are continuing to get rich and the poor countries are just getting poorer.
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