Init, dayon kusog ulan, wala pa juy makaon —
In the sweltering heat of a global warming-induced summer, where temperatures soar to unprecedented levels, followed by relentless downpours that flood cities and disrupt lives, the world is witnessing the harsh realities of climate change.
These extreme weather events, becoming more frequent and intense, are not just altering ecosystems and weather patterns; they are also exacerbating economic challenges for millions of people worldwide.
For many, the existential threat of climate change is often overshadowed by the immediate concerns of high living costs and securing their next meal.
Can we deal with this double burden — climate change and economic hardship?
The double burden of climate change and economic struggles is a reality for the most vulnerable populations, including low-income communities and those in developing countries.
Even here in Dumaguete, we experience the same onslaught. Many of us just look at the skies and pray that we can hurdle everything.
According to the latest statistics from the World Bank, climate-related disasters have increased by 40 percent over the past 50 years, with the poorest countries being the hardest hit. The economic impacts of these disasters are profound and far-reaching. Extreme weather events lead to job losses, particularly in agriculture and other weather-sensitive sectors. Prolonged heatwaves devastate crops, leading to food shortages and price hikes, while heavy rains destroy infrastructure and disrupt supply chains. These events not only affect the livelihoods of those directly involved in these sectors but also ripple through the economy, affecting businesses and consumers alike.
While the long-term implications of climate change are undeniable, many individuals and families are more immediately concerned with the rising costs of living.
Inflation, housing shortages, and energy price hikes are pressing issues that demand immediate attention and resources.
For those struggling to make ends meet, the abstract threat of climate change can seem secondary to the concrete challenges of paying bills and putting food on the table.
The World Economic Forum’s Global Risks Report 2023 highlights that the cost-of-living crisis is one of the top concerns for people globally, with 70percent of respondents expressing worry about their economic future.
Addressing the intersection of climate change and economic hardship requires a multifaceted approach. Governments, non-profits, and private sector entities must work together to develop policies and programs that not only mitigate the effects of climate change but also provide economic relief to those most affected.
This includes investing in sustainable infrastructure, supporting renewable energy sources, and creating green jobs that can help transition economies away from fossil fuels.
The International Renewable Energy Agency reports that the renewable energy sector could create up to 40 million jobs by 2050, offering a glimmer of hope for those struggling with economic instability.
The challenges posed by climate change and economic instability are deeply interconnected. But for many, the immediate struggle to afford basic necessities overshadows the broader threat of environmental degradation.
However, ignoring the long-term consequences of climate change will only exacerbate economic hardships in the future. By recognizing the interdependence of these issues and working towards integrated solutions, society can begin to address both the immediate economic needs of its citizens and the long-term health of the planet.
The path forward is clear — we must tackle climate change and economic hardship together, for the sake of our planet and our future.
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Author’s email: [email protected]
