Economic Costs of Climate Change Effects
ABU DHABI, 11th January, 2023 — The United States National Oceanic and Atmospheric Administration (NOAA) has calculated that in 2022 the largest economy in the world has lost $162 billion to extreme weather events, including hurricanes, temperature rise, drought, and snowstorm, commented a local newspaper.
“The carbon emissions were indeed higher compared to the previous two Covid years when they were at a low, but this is not a matter of much solace,” Gulf Today said in an editorial on Wednesday.
Not many organisations in other countries have a system of climate change accounting in economic terms like the NOAA. The figures bring home the harsh fact that climate change is not any more an issue of environmental experts and non-governmental organisations (NGOs) raising the fals