2 Things to Know About Climate Change Making Some Countries Rich

2 Things to Know About Climate Change Making Some Countries Rich Clapway

When the topic of climate changed is brought up in a conversation, usually it strikes up a negative reception. This is, of course, not always the case, but I would estimate it happens quite frequently. Climate Change is something that every single person needs to come to terms with, and figure out if they believe it is happening or not. Again, most of the facts about it are negative. However, a published article in the Nature Climate Change Journal indicates there may be a huge positive.

2 Things to Know About Climate Change Making Some Countries Rich Clapway

FIRST THING YOU SHOULD KNOW: CLIMATE CHANGE COULD BRING IN MONEY

Eli Fenichel, a Yale School of Forestry and Environment Studies assistant professor, led his team of researchers in this study. In the article, they mention how as the planet continues to warm, natural resources are on the move and heading in the direction of higher elevations. In countries that account for a lot of resources, this then has economic value. The researchers also point out that when the fish migrate, the money will follow with them. However, it is not as simple as this and there is something else that needs to be kept in mind, the researchers said.

SECOND THING YOU SHOULD KNOW: INCLUSIVE WEALTH

The findings of this research do not suggest that people can just look for biophysical changes to see how the wealth is moving in response to the climate change. Fenichel and his team mention how the idea of inclusive wealth needs to be kept in mind. This is a framework that will account for the total capital of a country. This then, in turn, will attempt to measure the ability of a country to sustain wealth. So, when climate change shifts the capital of a country, the value will change based on the new pricing. This is a tricky idea to understand, but it is a key piece to this puzzle.

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