The Economics of Climate Change
By Michelo Maunga Introduction The climate crisis is amongst the most pressing issues of our time, confronting global leaders and communities particularly those in Sub-Saharan Africa. The effects are, nevertheless, not confined to this part of the world. Across nations people are experiencing erratic weather patterns, spanning persistent droughts, floods, extreme heat and other weather-related calamities. Climate Crisis, Around the Globe Recently, Nigeria faced severe floods that left much destruction, displacing 1.4 million people and killing over 600, with close to 100,000 houses destroyed and over 300,000 hectares of land affected. Floods are also being recorded in parts of South Asia, where in 2022 monsoons took the lives of over 3,700 people. China, on the other hand, recorded record temperatures with attendant dry spells in the third quarter. The height of which saw, the water levels in the second largest water body in the country, Poyang Lake, dwindle by over 150%, c