Question

How the climate affect the growth of the IT industry​

Answer 1

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Riculture

The sector most vulnerable to climate risk is agriculture. Environmental economist Geoffrey Heal, a professor in the Columbia Business School, explained that although agriculture makes up a fairly small part of the total U.S. economy, “locally these effects could be big.

Infrastructure

Much of our society’s critical infrastructure is at risk from flooding. “Sea level rise could potentially cause a loss of value of assets in the trillions of dollars—probably anywhere from two to five trillion dollars—by the end of the century,” said Heal.

Human health and productivity. If temperatures rise 4.5˚ C by 2090, 9,300 more people will die in American cities due to the rising heat. The annual losses associated with extreme temperature-related deaths alone are projected to be $140 billion.

Tourism

Two billion dollars could be lost in winter recreation due to less snow and ice. For example, rapid warming in the Adirondack Mountains could decimate the winter activity sector, which makes up 30 percent of the local economy.

Businesses and the financial market

Climate change and its impacts across the globe will threaten the bottom line of businesses in a variety of ways. The frequency and intensity of extreme weather, both in the U.S. and in other countries, can damage factories, supply chain operations and other infrastructure, and disrupt transport.