Climate Change and Global Economic Consequences

Munitlak Ivanović, Olja and Mitić, Petar and Mijatov, Maja (2021) Climate Change and Global Economic Consequences. In: he 5th Serbian Congress of Geographers "Innovative Approach and Perspectives of the Applied Geography", 9-11th, September, 2021, Novi Sad. Faculty of Sciences, Department of Geography, Tourism and Hotel Management, Novi Sad, pp. 30-38. ISBN 978-86-7031-589-1

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Abstract

Climate change is perhaps one of the greatest global challenges of the 21st century since it could threaten and change the structure of biodiversity of an entire ecosystem. All the above-mentioned is mainly caused by human activities and adapting nature to human needs. Humans want to live as comfortably as possible, which means that the roots of the problems are economic in their essence, or more precisely it could be said that they are related to the manner of production and striving for faster economic growth. Paradoxically, climate change will have the greatest impact on the economy, in addition to the deterioration of overall well-being. Although the largest greenhouse gas (GHG) emissions mainly originate from the richest countries, the poorer ones will be the most affected by these changes, as they have less adaptability. However, climate change is a global problem and these changes do not distinguish national or administrative boundaries. Not all countries are equally threatened, and climate reactions will not occur equally everywhere, but no single country could solve this problem on its own. Global issues can only be solved through a global strategy involving both rich and poor people’s united efforts.

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