Carbon dioxide emissions costing India up to $210 bn every year

        Carbon dioxide emissions are costing the Indian economy up to $210 billion every year, according to a global study. Top three counties with the most to lose from climate change are US, India and Saudi Arabia. "The economic damages model indicates that as temperature rises, economic growth in India will slow," Katharine Ricke, an assistant professor at UC San Diego, told. At current emission levels, the Indian economy loses $210 billion annually.

      We all know carbon dioxide released from burning fossil fuels affects people and ecosystems around the world, today and in the future. The country-level SCC(Social Cost of Carbon) for India alone is estimated to be about $86 per tonne of CO2. For the US, the cost is about $50 billion per tonne. This means that the nearly five billion metric tonnes of CO2 the US emits each year is costing the US economy about $250 billion.

     Impacts by climate conditions includes low agricultural yields, vector-borne disease, reduced worker productivity due to heat, increased frequency of extreme precipitation resulting in infrastructure damages or any of the other many ways that human systems get impacted. The world's largest CO2 emitter, China, also places in the top five countries with the highest losses.

Source: www.business-standard.com, e-newspaper