<
https://theconversation.com/overcoming-the-climate-crisis-with-trade-based-strategies-213618>
"Global warming is making weather patterns more extreme and increasing
inequalities across regions. However, economic growth is still possible, with
economies showing a range of responses to the impacts of global heating.
Recently, Martina Bozzola, Fabio Santeramo and I joined together to understand
whether the climate crisis is creating new trading patterns. Our research
concludes that international trade may serve as an adaptation strategy to
climate change.
Production shifts induced by the changing climate may favour both the domestic
and international markets depending on how interconnections across the globe
facilitate the movement of goods. Taking into account conditions such as the
geographical distance or the size of economies, the value of the exchange in
goods between two trading partners is as large as their climatic conditions
differ. Specifically, for an increase of 1 degree Celsius in the gap between
the mean temperatures of two countries, the trade between them is expected to
grow by 38% on average.
For example, between 1996 and 2015, the agricultural and food-related trade
between India and Indonesia amounted to an average of 215 million dollars each
year for the period. Indonesia is about 2 degrees Celsius warmer than India,
and the effect of having a 1 degree Celsius larger difference in temperatures
between the two countries would generate an average trade increase between them
quantifiable in 82 million dollars per year."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
