Climate change could cost global economy US$24 trillion
A new report by the London School of Economics and Political Science is the first comprehensive study to use an economic model to put a number on the climate value at risk.
A new report published on Monday has put the potential cost of climate change to the world economy at as much as US$24 trillion by 2100, underlining the urgent need for businesses worldwide to pay attention to it.
The report, led by researchers at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science and Vivid Economics, is the first comprehensive study to use an economic model to put a number on the climate value at risk.The study, published in the journal Nature Climate Change estimated that an average US$2.5 trillion, or 1.8 per cent, of the worlds financial assets would be at risk from the impacts of climate change if global temperatures rise by 2.5 deg C above its pre-industrial level by 2100.
Kenya's Economy to Grow at 6 Percent in 2016
Kenya's economy will accelerate slightly in 2016, driven by loose fiscal policy, infrastructure projects and robust private consumption, according to Focus Economics.
The Spain based economic research firm forecast the country's economy will grow at a rate of six per cent in 2016, which is unchanged from November's forecast.
"Nevertheless, a large fiscal deficit and rising public debt, a weak shilling and tight monetary policy represent challenges for the economy, along with corruption and insecurity," the firm said in the latest consensus forecast for Sub-Saharan Africa.
The Dome :: New venue with largest space in Kenya
The dome, Nairobi - New venue with largest space in Kenya with its own 4 star hotel
10th WTO Ministerial Conference, Nairobi, 2015
The WTO is an international intergovernmental organization dealing with the formulation and implementation of international trade rules. It also deals with the arbitration of trade disputes between its Members.
The WTO has the Objectives of raising the standards of living for Members, ensuring full employment, large and steadily growing volume of real income and effective demand, expanding the production of and trade in goods and services, while allowing for the optimal use of the world’s resources and seeks to both protect and preserve the environment and to enhance the means for doing so in a manner consistent with Members respective needs and concerns at different levels of economic development.
