According to a new report, the number of days with above-average temperatures worldwide has more than doubled since the early 1980s.
This means drier soil, which in turn creates instability in major agricultural producers and exporters, with potential consequences for food security and global supply chains.
The climate action monitor report (by OECD) has found that that the global number of days with above-average temperatures has increased by 126%. In past years, people may have brushed this off as an indicator of climate change – now, its recognised to be an indicator that the economy could get very tricky very quickly.
OECD says that strengthening adaptation can help limit economic disruption and protect vulnerable populations – particularly in the regions most impacted by rising temperatures, such as Latin America and the Middle East.
They highlight that with drought severity projected to increase by 2100, businesses and governments are already taking steps to strengthen resilience (such as diversifying transport options and strengthening supply chains to cope with drought-related disruptions).
However, it is likely that much more needs to be done in order to protect the economy while we save the environment.
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