About My Health Careers Internship MedBlogs Contact us
Medindia LOGIN REGISTER
Advertisement

Global Warming Reallocating Natural Wealth in Unpredictable and Destabilizing Ways

by Dr. Trupti Shirole on February 29, 2016 at 10:25 PM
Font : A-A+

 Global Warming Reallocating Natural Wealth in Unpredictable and Destabilizing Ways

The biophysical changes occurring due to global warming are also reallocating global wealth in unpredictable - and potentially destabilizing - ways, suggested a new study.

"People are mostly focused on the physical reallocation of these assets, but I don't think we've really started thinking enough about how climate change can reallocate wealth and influence the prices of those assets," said lead author Eli Fenichel from the Yale School of Forestry and Environmental Studies.

Advertisement


"We think these price impacts can be really, really important," Fenichel added.

The study, published in the Nature Climate Change, suggests the impacts on net global wealth may not be that straightforward. In fact, changes are more likely than not to produce an overall net loss in global wealth.
Advertisement

Fenichel said, "The reason is the inevitable and unpredictable price impacts in places where the quantities of fish stocks increase depending on the quality of its resource management, existing institutions, and fishing regulations. We don't know how this will unfold, but we do know there will be price effects. It's just Economics 101 - prices reflect quantity and scarcity and natural capital is hard for people to move. It's as inevitable as the movement of these fish species."

"These impacts on the value of natural capital highlight the need for coherent climate policies that integrate biophysical and social measurements," the study said.

Source: IANS
Advertisement

Advertisement
News A-Z
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Advertisement
News Category
What's New on Medindia
Green Mediterranean Diet may Help Repair Age-Related Brain Damages
Cervical Cancer Awareness Month 2022
Ultra-Low-Fat Diet
View all

Medindia Newsletters Subscribe to our Free Newsletters!
Terms & Conditions and Privacy Policy.

More News on:
Health Effects of Global Warming Global Warming 

Recommended Reading
Health Effects of Global Warming
Greenhouse effect causes excessive heat to build up in the earth's atmosphere causing global ......
Air Conditioner Health Hazards
This section gives a brief introduction about what air conditioner health hazard means and what ......
Western Diet Linked to Global Warming
Scientists now say that giving up on the western "meat-loaded" diet or, in other words, not eating ....
Simple Global Warming Solutions
Concerned about global warming? Look no further; we've decoded some of the best solutions you can .....

Disclaimer - All information and content on this site are for information and educational purposes only. The information should not be used for either diagnosis or treatment or both for any health related problem or disease. Always seek the advice of a qualified physician for medical diagnosis and treatment. Full Disclaimer

© All Rights Reserved 1997 - 2022

This site uses cookies to deliver our services. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use
open close
ASK A DOCTOR ONLINE
I have read and I do accept terms of use - Telemedicine

Advantage Medindia: FREE subscription for 'Personalised Health & Wellness website with consultation' (Value Rs.300/-)