Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

UN: World Lost $ 3 Tln due to Climate Change in 20 Years


Mon 12 Oct 2020 | 07:30 PM
Ahmed Moamar

The United Nations (UN) said on Monday that climate change has multiplied natural disasters at a rapid rate since 2000.

The United Nations Office for Disaster Risk Reduction stated in a report that from 2000 to 2019 there were 7,348 natural disasters that claimed 1.23 million lives and cost $ 2.97 trillion.

Figures published by the UN indicate that natural disasters have claimed the lives of 1.2 million people across the globe over the past two decades.

The international organization calls for action by the international community to curb more risks over the years to come.

Experts believe that the major industrialized countries bear a great responsibility for the deterioration of the climate of the planet, and the measures that are being taken are often slow and disproportionate to cope with the size of the risks.

In 2016, the Paris Climate Agreement was signed, in order to reduce what is known as the global "warming" rate to less than 2 percent, in addition to limiting it to 1.5 percent.

The agreement, the largest of its kind, is to redraw the goals every five years, as well as provide financial aid to developing countries.

But in 2017, US President Donald Trump announced his country's withdrawal from the Paris climate agreement, saying it harms the US economy.

He stepped up measures to ease restrictions in the field of environmental standards.

The United Nations has issued a report that drew a dreadful image of the world economy.

The report warns of precedent rates of unemployment and poverty in the world during the period to come as an expected fallout of the Coronavirus which threatens the planet now.

The deadly virus ( known also as the COVID-19) has infected more than 37 million people in the world so far.

The UN report on April indicated that about 195 million persons will lose jobs due to the Coronavirus.

This leads to more poverty and

other social problems in the world. Experts of the UN stressed that economic crisis related to the COVID-19 pushes the world economy towards depression like the Great Depression that hit the world economy at the end of the 30s of the 20th century.