Wealthy Face Climate Risks
This is a Brazil news story, published by ScienceDaily, that relates primarily to Potsdam Institute for Climate Impact Research news.
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Global economic impactScienceDaily
•Global warming's economic blow: Risks rise more rapidly for the rich
80% Informative
Potsdam Institute for Climate Impact Research ( PIK ) analysed how erratic weather events affect global production and consumption across different income groups.
Results confirm previous studies that poorest people worldwide bear the greatest economic risks from climate change.
Surprisingly, the risk for the wealthy is growing the fastest.
Economies in transition like Brazil or China are highly vulnerable to severe impacts and negative trade effects.
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