Business Intelligence

And The Poor Get Poorer: The Economics Of Higher Global Temperatures

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Executive Summary

Climate change presents poor nations with an unfortunate paradox: Though they missed out on the riches of the fossil fuel era, they appear doomed to suffer the worst of its consequences. Many experts predict climate change will drag down national income, but how and where such effects may be felt has been anyone's guess until recently. Now research suggests that heat may hinder growth in poor nations while leaving wealthy ones relatively untouched. High temperatures are sometimes blamed, fairly or not, for the lack of development in many poor nations. But since climate change will almost certainly make them hotter, the issue has taken on new importance.

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