U.S. and North America Most Resilient to Climate Change
A new study by the Economist magazine’s Intelligence Unit (EIU) finds not surprisingly that rich countries such as those in Europe and North America are more resilient to climate change, with less impact on their economies than other regions. The EIU used an index and found that the global economy will be 3% smaller in 2050 when analyzed against a new framework they developed, while the U.S. will be 1.1% smaller, according to CNN Business.
Why This Matters: The extent of preparation for climate change impacts is an important economic health indicator for banks, governments, companies, and other institutions as they make investments in those regions — not to mention the citizens of those regions when they consider the effectiveness of their governing institutions.
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