![]() You might also like: Climate Migration Is the Crisis of the Century Moreover, extreme weather events such as devastating floods and storms have displaced a n average of 26.4 million people per year, with experts predicting that another 1.2 billion people may be displaced globally by 2050. Rising temperatures are also contributing to the spread of vector-borne diseases such as malaria and Lyme. Commenting on the achievement, Guterres said that while this will “clearly not be enough, it is a much-needed political signal to rebuild broken trust.” Last year’s COP27 ended with a historic deal on loss and damage compensation for low-income countries. The second instalment of the IPCC’s sixth assessment report found that developing nations will require $127 billion per year by 2040 and $295 billion by 2050 to adapt to the far-reaching consequences of climate change. The IPCC, which is considered the world’s most authoritative scientific body on climate change, suggests that public and private finance flows for the fossil fuel industry today far exceed those directed toward climate adaptation and mitigation. ![]() The largest adverse impacts have been observed in low-income countries throughout the Global South, despite them contributing the least to current climate change. ![]() According to the IPCC scientists, human activities have “unequivocally” caused global warming, leading to the highest concentrations of carbon dioxide in at least 2 million years and a 1.1C rise in global temperatures above pre-industrial levels.Īpproximately 3.3-3.6 billion people – about half of the world’s population – are already contending with severe food and water insecurity for at least one month per year as higher temperatures and lower precipitation rates slow down agricultural productivity. ![]()
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