Industries most affected by Global Warming

(Discover Magazine/ BBC World News)

Several industries have been identified that will be most affected by continued accelerated warming of the Earth resulting in global climate change. Reports from the Global Carbon Project state that the world's global emissions rose 29% between 2000 and 2008. This growth was attributed to increased activity in developing countries and the production of goods in industrialized nations.

Energy: New techologies being developed along the lines of renewable energy utilization and alternative fuels, the Energy indsutry could face some challenges and changes ahead in the drive to move away from fossil fuel energy. Athough fossil fuel energy is still the most economically viable option for use, the upcoming UN Summit on Climate Change and heightened discussions globally on green house gas emissions could stimulate action for legislation in the future in mitigating against the risks of increased CO2 on the environment. Locally, the biggest producer of CO2 and other gas emissions is the Energy sector.

Forestry and Agriculture: Drier, hotters days and the increased likelihood of droughts puts the world's green zones at risk due to forest fires,as commonly seen in Australia and California, USA. The alternative view, however, is that forests act as carbon sinks and through reforestation and methods to increase the density of forests, carbon capture and sequestration efforts can be ramped up.

Fishing: global warming can seriously affect fisheries in the years to come, if not already happening. Increases in sea temperatures and water level rise can affect the dynamics of fisheries and reefs, disturbing the specific conditions for growth and catch. Warmer waters will affect cold water fish and can result in a displacement of fishing grounds.

Toursim: drastic changes in weather patterns and the disastrous impact of hurricanes, tornadoes, typhoons and tsunamis as a result of weather changes can severly affect the toursim industry, especially for small island states which are largely dependent on revenue streams from the industry. Increases in sea level rise are already affecting the Maldives and are of worrying concern.

Commodity Index Graph

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