1-Increase in the price of food
One of the most severe effects of climate change has reached crops. Natural disasters such as droughts, floods, fires or hurricanes have increased in recent years and scientific projections indicate that if the planet's temperature continues to rise at the rate it is doing now, things will be more complicated.
"Any catastrophe has a strong impact on economic activity and, therefore, on the price of products"
In addition, the production and marketing of food has an impact on the cost of energy and water, which ultimately translates into higher product prices.
The increase in droughts, temperature and humidity, influence that fewer people can perform agricultural work.
2- Increase in the electricity and water bill
The increase in the value of electricity bills is not homogeneous. "It depends on how you produce the electricity and other factors such as government subsidies that exist in various countries," says Maslin.
But in those countries affected by droughts and whose source of electricity comes from hydroelectric power, there is an impact on the price of electricity.
Around the world, electricity is becoming more expensive due to the transition from fossil fuel-based energy to renewable alternative energy.
"In homes, the electricity bill will be more substantial, but they will also see the increase in the price of consumer goods because the increase in the price of electricity ends up impacting the final price of the products"
3- Increase in the price of insurance in the face of extreme events
"The increase in the price of insurance is already taking place," says Pardo-Buendía.
Insurance for the agricultural sector, for the home and for all types of contingencies. On the one hand the value has risen and, on the other, many insurance companies are rejecting those clients considered as too risky.
As the damage caused by climate change increases, it is likely that, in the future, insurance will continue to increase in price.
If you live in an area prone to fires, for example, the rate you must pay may go up.
The same occurs in those areas exposed to rising sea levels. But even more worrying is that the rapid rise in sea level has begun to cause migration and displacement.
4-Higher spending on health
Air pollution, for example, has had serious effects on people's health.
According to the World Health Organization, deaths caused by air pollution reach about 7 million a year.
On the other hand, scientists have warned that climate change is creating ideal conditions for the transmission of infectious diseases.
And the extreme heat waves that have hit the world recently have affected the health of people in different countries.
5- Less economic growth
"Climate change represents the greatest long-term threat to the world economy," says research by the Swiss Re Institute, which projects a global economic contraction of between 10% and 18% in the next 30 years, if not taken mitigation measures.
The worst scenario (a drop of 18% of GDP) in the middle of the century, would occur if the temperature rises by 3.2 ° C.
Other estimates speak of a potential drop in the Gross Domestic Product of close to 10%, with a projection of 80 more years.
Depending on the baseline scenario used to make the measurements, the calculations vary. But what does not change is that the economic impact is growing at breakneck speed.
The hardest consequences will occur in the poorest countries, especially those located in tropical or low-lying regions, highly exposed to droughts or rising sea levels.
At the individual level, the World Bank estimates that climate change will lead 132 million more people into extreme poverty by 2030.
