Almost all countries are experiencing disasters related to climate change such as Global warming, and need drastic actions taken. Greenhouse gas emissions are more than 50 percent higher than in 1990. Global warming is causing long-lasting changes to our climate system, which threatens irreversible consequences if we do not act. The annual average economic losses from climate-related disasters are in the hundreds of billions of dollars. This shows the huge impact of climate change on businesses. This is not to mention the human impact of geophysical disasters. Between 1998 and 2017, geophysical disasters killed 1.3 million people and left 4.4 billion injured. Carbon emission is another risk factor that leads to numerous effects on climate change.
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APPROACHES TO CLIMATE SUSTAINABILITY
The goal aims to mobilize US$100 billion annually by 2020 to address the needs of developing countries to both adapt to climate change and invest in low-carbon development. It seeks to address, among others, the negative impacts of climate change on businesses.
Supporting vulnerable regions will directly contribute not only to Goal 13 but also to the other SDGs. These actions must also go hand in hand with efforts to integrate disaster risk measures, sustainable natural resource management, and human security into national development strategies. Efforts to reduce carbon emissions into the environment are underway. It is still possible to limit the increase in global mean temperature to two degrees Celsius above pre-industrial levels, aiming at 1.5°C, but this requires urgent and ambitious collective action. This will highly reduce various disasters related to the change in the climate.
RELATIONSHIP BETWEEN BUSINESS AND CLIMATE CHANGE
Climate change has the potential to slow our economic growth in the coming decades. There should be global efforts to reduce such impacts on businesses. Another study found that a 4.5°C increase in global temperatures could cut the global domestic product by $72 trillion. Hidden within these global economic estimates are the effects on individual companies. Unpredictable weather will only intensify these effects, reducing the availability of raw materials and disrupting supply chains. As we currently know it, it will continue to be a long-term risk to businesses, among other disasters. In the Global Resource Challenges Report, 66% of executives surveyed said climate change had affected the resource challenges their businesses face. Business plans should also include measures to reduce the levels of carbon emission to improve the chances of a better climate.
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