Understanding Climate Risk

Science, policy and decision-making

Climate Vulnerability Monitor 2012

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The Climate Vulnerability Monitor 2nd Edition, released today, reveals that climate change has already held back global development and inaction is a leading global cause of death. Harm is most acute for poor and vulnerable groups but no country is spared either the costs of inaction or the benefits of an alternative path.

Key findings include estimates that carbon-intensive economies and associated climate change are responsible for five million deaths a year, 90 per cent of them related to air pollution, according to an Agence France-Presse report.

“Failure to act on climate change already costs the world economy 1.6 per cent of global GDP amounting to $US1.2 trillion ($A1.16 trillion) in forgone prosperity a year,” said the report, produced by the DARA research centre and released at the Asia Society in New York.

In addition, “rapidly escalating temperatures and carbon-related pollution will double costs to 3.2 per cent of world GDP by 2030.”

According to the report, “unprecedented harm” is being inflicted on humanity.

However, tackling climate change’s causes would bring “significant economic benefits for world, major economies and poor nations alike,” the report said.

The report was published by DARA, and compiled by the World Vulnerability Forum. 45 Mb download of the entire report is here and the page where parts of the report can be downloaded is here – data can be downloaded as well.

It contains complex information and graphics, so is not easy to decipher. Hopefully, I’ll have time to digest the main points and summarise them here. Hat-tip Rob Gell.

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