economic impact of climate change

Climate change has significant economic impacts, affecting agriculture, infrastructure, and public health. Rising temperatures and extreme weather can reduce crop yields, increasing food prices. Damage from storms and flooding harms homes and businesses, leading to costly repairs and insurance losses. Additionally, health issues related to heat and pollution can strain healthcare systems and reduce productivity. Overall, climate change can disrupt economies, increase costs for governments and individuals, and exacerbate inequality, as poorer communities often bear the brunt of its effects. Addressing these challenges requires investment in sustainable practices and adaptation strategies to protect economies and livelihoods.