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@article{185191,
        author = {Devesh Lal},
        title = {Impact of Climate Change on Global Economics},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {5},
        pages = {729-745},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=185191},
        abstract = {This paper examines the effects of global climate change and environmental activities on economic variables such as productivity, unemployment, GDP growth, per capita income, income inequalities, agriculture, and so on. In addition, the research attempts to investigate the effects of climate or environmental changes on international trade, export-import barriers, and socio-economic development indicators.
The reverse cycle, i.e., how international commerce might help reduce the consequences of climate change, will also be touched upon, establishing a link between economies and natural/climatic forces that exist around us.
Climate variables are linked to various economic sectors (primary, secondary, and tertiary) and recurrent industrial operations that are an intrinsic element of the manufacturing process. Shifts in crop yields, loss of land and labor productivity, and capital damages have all been proved to be a result of climatic changes in the past, rather than just administrative and management variables. Similarly, ice sheet melting has resulted in massive oil leaks. Because oil is a commodity with global demand and is such an essential need for nations around the world, spills can result in significant economic losses and trade opportunities for countries. In recent years, countries have developed solutions to this problem, focusing on climate-resistant infrastructure and policies that reduce the negative impact of climate change on critical components such as the real exchange rate, income effect, international spillovers, and other general economic factors.},
        keywords = {},
        month = {October},
        }