BS EDIT: How climate change disproportionately affects the poor

By Business StandardPublished On Oct 22, 2024

The escalating climate crisis

No country is immune to the effects of climate change, but it’s the world’s poorest nations and people who will face the harshest consequences

Climate change affects the poor

World Bank study reveals that poorer households across South Asia are more exposed to climate shocks due to lower-quality housing and limited access to resources

Climate’s economic toll

A study by Duke University found that India lost around 259 billion labour hours annually between 2001 and 2020 due to humid heat, costing the economy $624 billion, or 7% of GDP

Smaller firms, bigger challenges

Smaller non-agricultural firms in India are more vulnerable to climate shocks, such as floods and heat, compared to larger firms

Climate rights for all

In a historic judgment, the Supreme Court of India recognised the right of individuals, regardless of socioeconomic status, to be free from the adverse effects of climate change

Investing in climate resilience

Building climate-resilient infrastructure, finance, and access to information is essential to help vulnerable communities adapt to climate risks and reduce inequality