By Ehsanul Hoq
If you think World War I and II made millions of homeless people in the past and humankind is now safe as the European and American land is not in the warzone then you are wrong. A new phenomenon is waiting for us. Forcing people regardless of all continents to leave their homeland. Droughts in the summer and floods in the rainy season will make everyone helpless. The effects of global warming will create aftermath which will be long-lasting, and more devastating than any war in the earth.
Global warming is the creation of human activities, not any other supernatural causes. It is unfortunate that the world is warming since 1906 but we did little to stop it. It has increased more than 1.6 degrees even more in polar regions. Researchers have already found a measurable impact on the effects of global warming in our lives. All the countries including developed, developing, and underdeveloped will face the same fate. Our economy will collapse as soon as cities face megafloods, sea levels will rise, and lakes will warm rapidly. Agriculture and business, the heart of financial activities will stop in many places. People will lose jobs, homes, and families with a desperate need for food and shelter. The effects of global warming on animals have been detected. The migration pattern of animals is changing while new leaves in trees growing earlier than before. These are extreme signs of the collapse of the financial and economic structure of our civilization.
Now we will look in-depth at the effects of global warming in the financial domain.
Livestock and Agriculture
Agriculture and farm animals will face a widespread impact due to global warming. New lands will submerge under seawater in the next 20 years destroying large farmlands and animal farms. Without the food to feed millions around the world foods for farm animals will fall drastically. For agriculture and livestock, a balance in ecology is very important. Without the support of migratory birds, insects, and other scavenging animals, many countries will be helpless to increase their crop production. A warmer climate will also create diseases for animals and plants creating a vacuum in the food supply. Scientists also predicting the extinction of some species in the tropical and sub-tropical regions due to a range of diseases. This will force the many nations to shutdown financial support to large corporations destroying the opportunity to serve humankind.
Forests and Jungles
We have seen 19,925 fire outbreaks in the Amazon forest in the year 2019. It is a very sad incident for us because the reduction of forests will create more impact on the temperature of the world. Without biodiversity, our climate will bring hell on earth. Forests and jungles are a great financial asset for a country. Thousands might be dependent on forestlands for food, shelter, and clothing. If the man-made deforestation starts we might create a few crop fields but it will not come any good for those who only rely on forests. So eventually the rise in temperature will destroy new forests and jungles with quick fires created due to direct sun heat. Such destruction will bring an opportunity loss for the financial world.
Lost Productivity
Climate change is creating an impact on a personal level. Severe heat, rainfall, and snowstorms will be more frequent in many parts of the earth. It will harm our international trading and tourism. Many cities will face power outages, delays in air traffic due to sudden changes in the weather. More new and new climate-related health problems will reduce our personal productivity. But the national economy will be impacted by such scenarios. Air pollution has already made people suffer from allergies. People will lose work due to inefficiency although they can’t be blamed due to a decrease in productivity. Chaos will outbreak in countries that are less developed eventually spreading in the entire world.
Mass Migration
Global warming will not impact all the geography at the same time. For instance, more tropical lands will become desert while some will submerge underwater. The northern lands will have heatwaves that were inside ice age for centuries before. However, since living in the center of the earth will be difficult due to constant heat and threat from ocean water people will migrate north in a mass order. Wars will break in the places to protect locals from new immigrants. The financial and economic backbones will collapse during this period. Societies will merge and civilizations will fall in the unrest. Constant military intervention is the unintended effects of global warming.
Adjustment Costs
Adjusting our lives in the new warm world will cost a lot. We will be more aware of using technology which reduces carbon emissions. Since such technology needs constant research we will invest more and more in global warming causes rather than other problems like hunger, poverty, and unemployment. Agriculture will rise strongly as effects global warming will bring more crop diseases and pests. Buildings, Furniture, and machinery will be depreciated faster while high heat will bring more sands in places covering our roads, bridges, and other infrastructures often.
Industrial Failure
The emission of carbon in the atmosphere will force the governments to shut down large industries around the world. Although massive digital and technological advancement reduced the industrial revolution, we can’t think about a world with billions of people living without the day to day products created in the large industries. We need to shut down metal industries, glass industries, car industries, paper industries and many more to get rid of carbon threat. Shutting down the industries will send us in a dark age. The consequences of industrial failure will threat the advancement of our civilization. Millions of industry workers will lose jobs and die in the streets for food and shelter. The industrial advancement is like a two-edged sword where either way human lives will be sacrificed.
Investment Failure
The effects global warming mentioned above will have the most significant impact on the future of investment. We are in a world that has changed a lot since the concept of investment. It’s natural that not everyone will have all the resources needed to improve one’s lifestyle. So people with more resources tend to invest it on the people who can utilize to create more wealth. Think about Christopher Columbus who discovered the new lands in the west. His voyages were patronized by the queen of Spain. If we look at the history each and every discovery and the continuity needed large investment from wealthy people. However, due to the rise of modern banking and stock market tools our civilization flourished with more money to invest in technology. If global warming destroys our farmland, livestock and creates civil wars around the world investors will never put their money in new voyages. Rather they will use it for future protection from sudden weather changes.
Finally, the destruction of the financial world is inevitable due to the rise in temperature in the world. Our outcry will not be heard for the crime we committed by destroying large forests and establishing large industries emitting carbons. Thousands will perish for water, heat, and hunger. Survivors will migrate to new lands hoping for a better life. Industries and corporations will fail miserably. Governments will be helpless. Mass migration will destroy local agriculture and habitat. People will fear to keep money in banks. So liquidity problems will arise failing the commercial growth of the country. One day for our own greed our future generation will face a dark new world.
Ehsanul Hoq
Ehsanul Hoq is a research associate and freelance content writer/Blogger
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