Climate change could depress the living standard of nearly half the India’s population by 2050, which now live in the vulnerable area, say World Bank.
NEW DELHI: Unchecked climate change will dent India’s GDP by 2.8 per cent and depress the living standard of nearly half the population by 2050, with people living in the severe “hotspot” district of central India, particularly Vidarbha, staring at the prospect of an over 10 per cent dip in economic consumption.
These are the findings of a first-of-its-kind World Bank study that quantifies the economic impact of rising temperature and change in rainfall in different part of the country due to global warming.
The study, South AsiaHotspot, release on Thursday, project a 2 per cent fall in the country GDP — in term of per capita consumption expenditure — even if the 2015 Paris Agreement goal of containing global warming to 2 degree C is achieve.
A 2.8 per cent drop in GDP, as project in the business-as-usual scenario, will cost India $1.1 trillion by 2050.
What is a climate hotspot?
It’s a location where gradual changes in average temperature and rainfall patterns will have negative impacts on living standards in future
The report find that inland region are at far higher risk of economic loss due to rising temperature than coastal or hilly area, with the maximum impact likely to be felt in central and north India. Among state, Chhattisgarh and Madhya Pradesh are project to witness over 9 per cent dip in living standard by 2050 in the “carbon-intensive” or business-as-usual scenario.