4 years, 4 months ago
Opinion | Adaptation may be costlier but is key to tackling climate change
Live MintEconomists always had a problem with environment. As per Weitzman, by the time 4 degree centigrade warming is reached, economic output will come down by 9%. Deitz and Stern’s assessment is with 3 degree centigrade warming, output comes down by 14% and with 4 degree centigrade warming it comes down by 50%. As per Climate Tracker of Germany, consumption by USA, Russia, Saudi Arabia is 4 degree centigrade, China and Japan are 3 degree centigrade to 4 degree centigrade compatible. If adaption takes place such as building dykes, investing in heat warning system and constructing climate proof buildings or going for climate-resistant agriculture we may avoid climate change damage.
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