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Developing economies reliant on agriculture are more exposed to climate risks, McKinsey finds

Crowd boys pull out an ox stuck in muddy waters in the drying Mabwematema dam 20km North of Zvishavane, on December 25, 2019.

Zinyange Auntony | AFP | Getty Icons

Countries and regions with lower per capita GDP levels are generally more exposed to climate change, according to McKinsey Epidemic Institute’s newest climate risk report.

“Poorer regions often have climates that are closer to incarnate thresholds. They rely more on outdoor work and natural capital and have less financial means to tailor quickly,” the report said.

For example, a changing climate “could both improve and degrade food system playing,” the report said. In some regions, crop yields may increase, while in others environmental conditions could grounds some crops to fail entirely, according to McKinsey.

Countries like Canada, Russia, and parts of northern Europe may profit slightly from the change in climate conditions as warmer temperatures may lead to greater agricultural yields, according to the international consulting firm.

According to McKinsey, since the 1880s, the average global temperature has risen by about 1.1 estates Celsius with significant regional variations.

As the climate changes, hazards are likely to intensify and have a broader medico impact, affecting more regions. McKinsey said that in turn would hit its workability indicator, which rations outdoor working hours lost to extreme heat and humidity. It also factors in hazards like heat anxiety, heatstroke and other human health conditions affected by the change in climate.

McKinsey found that the top quartile of woods, based on GDP per capita, will have a much smaller increase in risk by 2050 than the bottom quartile when it result as a be reveals to its workability indicator.

According to the National Bureau of Economic Research, countries that derive a significant percentage of their GDP from agriculture could be most at peril as intense heat and precipitation kill crops and delay fieldwork.

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