Goldman Sachs released an analysis of the impact of climate change. And the results are terrifying.
Goldman Sachs released a 34-page analysis of the impact of climate change. And the results are terrifying.
Business Insider
Yusuf Khan
Sep. 25, 2019
A Goldman Sachs report on the impact of climate change on cities across the world makes for grim reading. Rising temperatures would lead to changing disease patterns, more intense and longer-lasting heatwaves, more destructive weather events, and pressure on the availability and quality of water for drinking and agriculture.Major cities were also highlighted at risk of flooding with parts of New York, Tokyo, and Lagos all at risk of being partially submerged.
The bank's Global Markets Institute, led by Amanda Hindlian, warned of "significant" potential risks to the world's largest cities, which are especially vulnerable to more frequent storms, higher temperatures, rising sea levels, and storm surges.
Cities generate about 80% of global GDP and are home to more than half of the world's population, a share that Goldman says, citing the United Nations, is projected to reach two-thirds by 2050. About 40% of the global population lives within 100 kilometers of a coast, it says, and 1 in 10 live in areas less than 10 meters above sea level.
Destructive weather events, including storms, winds, flooding and fires. It's not just New York, Tokyo and Lagos. "Other major low-lying coastal or already flood-prone cities include Shanghai, Dhaka, Mumbai and Karachi – each of which has a population of 15 million people or more."
Changing disease patterns. "Warmer temperatures could cause disease vectors to migrate from the tropics to regions where people have less immunity; this is true not only for viruses like malaria and dengue fever but also for water-borne and food-borne diseases."
More here
https://markets.businessinsider.com/news/stocks/goldman-sachs-climate-change-threatens-new-york-tokyo-lagos-cities-2019-9-1028552494
The people in charge of rich people’s money are prophesying doom. That is terrifying.
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because of the source.
