Climate Change and The Economy

Climate change is impacting industries in various ways. In energy, milder winters reduce heating needs, but hotter summers increase demand for air conditioning. Forestry faces challenges from shifting forest compositions and pests. Agriculture sees longer growing seasons but also risks such as livestock heat stress and flooding. Mining is disrupted by thawing permafrost and extreme weather. Housing and insurance are affected by increased vulnerability to extreme weather, raising costs and demand for resilient infrastructure. Tourism sees mixed impacts, with winter tourism struggling and warm-weather activities growing. Manufacturing is adjusting to resource and supply chain disruptions.

This infographic by Ingenium, Let’s Talk Energy, Canadian Geographic, and the Government of Canada illustrates how climate change is shaping economic activities globally.

Source:

https://www.linkedin.com/posts/unbiodiversity_climate-change-is-impacting-industries-in-activity-7284086711767248897-Fg9p/?utm_source=share&utm_medium=member_desktop