earthquake in assam 28 april 2021 in 200 word
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Executive Summary
This chapter assesses the implications of climate change on economic activity in key economic sectors and services, on economic welfare, and
on economic development.
For most economic sectors, the impact of climate change will be small relative to the impacts of other drivers (medium evidence,
high agreement). Changes in population, age, income, technology, relative prices, lifestyle, regulation, governance, and many other aspects of
socioeconomic development will have an impact on the supply and demand of economic goods and services that is large relative to the impact
of climate change. {10.10}
Climate change will reduce energy demand for heating and increase energy demand for cooling in the residential and commercial
sectors (robust evidence, high agreement); the balance of the two depends on the geographic, socioeconomic, and technological conditions.
Increasing income will allow people to regulate indoor temperatures to a comfort level that leads to fast growing energy demand for air
conditioning even in the absence of climate change in warm regions with low income levels at present. Energy demand will be influenced by
changes in demographics