{"id":12191,"date":"2023-01-20T00:00:00","date_gmt":"2023-01-20T00:00:00","guid":{"rendered":"https:\/\/zhorse.net\/?p=12191"},"modified":"2023-01-23T23:03:41","modified_gmt":"2023-01-23T23:03:41","slug":"some-facts-about-climate-change-and-gdp","status":"publish","type":"post","link":"https:\/\/zhorse.net\/risk-management\/some-facts-about-climate-change-and-gdp\/","title":{"rendered":"<strong>Some Facts about Climate Change and GDP!<\/strong>"},"content":{"rendered":"\n<p><strong>There<\/strong> is continued and growing debate on the effects of climate change, more specifically emissions, on the planet.&nbsp; Recent debates in the UK seemed to highlight that there was only a 2% impact to the world on emissions caused by the UK, implying that climate change and its effects are negligible.<\/p>\n\n\n\n<p>In the United States, several Governors are passing legislation against climate change initiatives and supporting business growth. In fact, the state of Wyoming is considering passing a law that prohibits the sale of new electric cars in the state. This is a clear support to the mining and energy lobbies of the state.<\/p>\n\n\n\n<p>The debate will continue! So we decided to let science do the talking.&nbsp; In the November issue of Scientific American there is an interesting article on the cost of climate change.&nbsp; Based on studies by several scientists, the article highlights how much each nations greenhouse gas emissions have cost other nations.<\/p>\n\n\n\n<p>The gains in GDP for Nations (1990-2014) show what one would expect. There has been a PLUS to GDP for Canada, The US, Europe and Russia from anywhere between +$100B to +$300B.&nbsp; At the same time, countries in the southern hemisphere <strong><em><u>have lost<\/u><\/em><\/strong> between -$100B to -$300B.&nbsp; The hardest hit GDP resides in Brazil and India but every country south of the equator shows a negative impact on GDP from emissions.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"921\" src=\"https:\/\/zhorse.net\/wp-content\/uploads\/2023\/01\/some-facts-about-climate-change-and-gdp-1024x921.png\" alt=\"\" class=\"wp-image-12195\" srcset=\"https:\/\/zhorse.net\/wp-content\/uploads\/2023\/01\/some-facts-about-climate-change-and-gdp-1024x921.png 1024w, https:\/\/zhorse.net\/wp-content\/uploads\/2023\/01\/some-facts-about-climate-change-and-gdp-300x270.png 300w, https:\/\/zhorse.net\/wp-content\/uploads\/2023\/01\/some-facts-about-climate-change-and-gdp-768x691.png 768w, https:\/\/zhorse.net\/wp-content\/uploads\/2023\/01\/some-facts-about-climate-change-and-gdp-1536x1381.png 1536w, https:\/\/zhorse.net\/wp-content\/uploads\/2023\/01\/some-facts-about-climate-change-and-gdp-440x396.png 440w, https:\/\/zhorse.net\/wp-content\/uploads\/2023\/01\/some-facts-about-climate-change-and-gdp.png 1650w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>A review of the study results clearly shows that industrialization has profited the northern hemisphere while negatively impacting the southern nations. Simply stated, and we quote. &#8220;A striking feature of the results was the compounding inequalities, Callahan says.&nbsp; Whereas wealthier countries burned more fossil fuels to drive economic growth, low-income countries \u2013 which are already less able to adapt to a changing climate \u2013 bore the brunt of the losses.&#8221;*<\/p>\n\n\n\n<p>In real terms, the countries that contribute less to the world\u2019s climate change are disproportionately affected by the impacts of global warming. How long will they continue to allow that to happen?<\/p>\n\n\n\n<p>The question arises then at what point do the countries who\u2019s GDP is negatively impacted by the burning of fossil fuels pursue remedial action against those wealthier countries for the damage?<\/p>\n\n\n\n<p>For more on ESG related issues check our <strong>ZHORSE.net<\/strong> for a series of webinars on ESG. Find out how you can improve processes in risk management to positively impact ESG risks.<\/p>\n\n\n\n<p>* Scientific American November 2022<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is continued and growing debate on the effects of climate change, more specifically emissions, on the planet.&nbsp; Recent debates in the UK seemed to highlight that there was only a 2% impact to the world on emissions caused by [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":8537,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"class_list":["post-12191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-risk-management"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Some Facts about Climate Change and GDP! - Z Horse - GRC Software<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/zhorse.net\/risk-management\/some-facts-about-climate-change-and-gdp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Some Facts about Climate Change and GDP! - Z Horse - GRC Software\" \/>\n<meta property=\"og:description\" content=\"There is continued and growing debate on the effects of climate change, more specifically emissions, on the planet.&nbsp; Recent debates in the UK seemed to highlight that there was only a 2% impact to the world on emissions caused by [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/zhorse.net\/risk-management\/some-facts-about-climate-change-and-gdp\/\" \/>\n<meta property=\"og:site_name\" content=\"Z Horse - GRC Software\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZHorseGRC\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-20T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-23T23:03:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/zhorse.net\/wp-content\/uploads\/2021\/04\/pexels-pixabay-414837-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1366\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Daniel Clark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZHorseGRC\" \/>\n<meta name=\"twitter:site\" content=\"@ZHorseGRC\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Daniel Clark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/zhorse.net\/risk-management\/some-facts-about-climate-change-and-gdp\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/zhorse.net\/risk-management\/some-facts-about-climate-change-and-gdp\/\"},\"author\":{\"name\":\"Daniel Clark\",\"@id\":\"https:\/\/zhorse.net\/#\/schema\/person\/e79985ab46d090fdf552ca89d0450a83\"},\"headline\":\"Some Facts about Climate Change and GDP!\",\"datePublished\":\"2023-01-20T00:00:00+00:00\",\"dateModified\":\"2023-01-23T23:03:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/zhorse.net\/risk-management\/some-facts-about-climate-change-and-gdp\/\"},\"wordCount\":408,\"publisher\":{\"@id\":\"https:\/\/zhorse.net\/#organization\"},\"image\":{\"@id\":\"https:\/\/zhorse.net\/risk-management\/some-facts-about-climate-change-and-gdp\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/zhorse.net\/wp-content\/uploads\/2021\/04\/pexels-pixabay-414837-scaled.jpg\",\"articleSection\":[\"Risk Management\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/zhorse.net\/risk-management\/some-facts-about-climate-change-and-gdp\/\",\"url\":\"https:\/\/zhorse.net\/risk-management\/some-facts-about-climate-change-and-gdp\/\",\"name\":\"Some Facts about Climate Change and GDP! 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