How is climate change affecting our economy?

The changing climatic conditions are not just affecting the livelihoods of people and their requirements but also have left an impact on the global economy. Climatic change is one of the biggest threats to economic stability. 

Warmer temperatures, sea-level rise and extreme weather will damage property and critical infrastructure, impact human health and productivity, and negatively affect sectors such as agriculture, forestry, fisheries and tourism. Hurricanes, cyclones and typhoons destroy the habitats of various people, leaving them in absolute poverty. The agricultural sector is also massively affected, thus, affecting the food security of a country.

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