Weathering Warming: World Bank Estimates India To Lose 2.8% Of Its GDP By 2050


Weathering Warming: World Bank Estimates India To Lose 2.8% Of Its GDP By 2050

According to World Bank’s South Asia’s Hotspots: The Impact of Temperature and Precipitation Changes on Living Standards, varying rainfall patterns and rising average temperature due to global warming could shave 2.8% off India’s GDP by 2050. For a country where a large chunk of the population is still reliant on agriculture, global warming could mean untold disaster, through loss of livelihood, potentially depressed incomes, forced migration, rising morbidity, etc.

According to the Bank’s analysis, the most at-risk areas within the country are the inland—the agriculture-heavy areas of Chhattisgarh and Madhya Pradesh—which could see living standards drop by as much as 9%. India is set to shoot past its INDC goals on renewable energy usage and emission reduction. However, a 1-2 oC rise in temperatures is still inevitable—with the US out of the Paris accord and assuming other countries don’t make far more ambitious commitments, the global temperature could go much beyond 2 oC. Given such a future increasingly looks likely, countries need to adopt climate resilience strategies along with climate change mitigation ones. Read More

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