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Impact of Climate Change & Opportunity for Economic and Technological Transformation


Impact of Climate Change & Opportunity for Economic and Technological Transformation

Table of Contents

Introduction. 3

Main body. 3

Conclusion. 6

References. 7





Climate change is a very big constraint in today’s time that the whole population of this world is facing. The evaluation mainly aims to regulate the severe implication of climatic change on the environment and human beings. It is mainly implicated in the well-being, health and prosperity of people. It involves some psychosomatic reaction to the climatic changes and the problems of the economy are increasing day by day because of climate changes. In this evaluation, the suggestions are mainly given to decrease the implications of various activities on the earth (Masson-Delmotte, et al., 2021).

Main body

Climate changes affect the whole economy because it has severe implications on economic development, infrastructure and some other components of the whole economy. Climate changes affect the economy by increasing levels of sea, severe conditions of weather and maximum temperature harm the property and infrastructure of the particular area. It affects the health of human beings and also decreases the efficiency of the economy of a particular area or country. It also has negative impacts on various segments like tourism, forestry, agriculture, fisheries and many other physical elements. The severe conditions of the weather are maximizing the prices and also are implicating the whole economy. The decreasing efficiency and increasing constraints because of climate changes could affect the trading activities of the world and also it could affect the chains of supply. Because damage occurred because of changes in climatic conditions, economic development has been affected due to heavy loss and also it has affected many other countries’ economic development (Masson-Delmotte, et al., 2021).

The calamities such as hurricanes, floods, droughts and wildfires have maximized because of changes in climate that have caused heavy loss and also maximized the expenditures for the growth of infrastructure. The major levels of the sea and maximum temperatures have maximized the ferocity and greatness of the calamities. The sector of agriculture is greatly impacted because of changes in climatic conditions. The implication on the agriculture activities is impacting efficiency and also causing the inflation in the cost of products of food. The chain of supply is also affected severely and agrarians are greatly suffering from various constraints in adjusting to changes in climatic conditions (Bolt, et al., 2018).

The climatic changes are allied with maximizing adversity and also the degree of severe conditions of weather. By the particular study, it is mainly recognized that maximizing implications of natural calamities and climate changes are affecting the physical and mental conditions of human beings. The severe conditions of weather maximize depression, anxiety and some other problems of health in human beings. The implications could be very major for the individuals who mainly have suffered many constraints because of calamities and changes in climatic conditions. Natural calamities, straightly or incidentally affect the amenities of health, amenities of the education system, properties or infrastructure, systems of transportation etc. maximizing the pressure and liability among human beings (Bolt, et al., 2018).

Humans could be enforced to leave their families due to high levels of the sea, maximizing the degree of changes in climatic conditions and many other causes. Humans are also migrating to other areas because of these natural calamities and this also makes the humans angry and irritated. The problems are particularly very major when the migrated populations are not greeted by the native society. The low quality of air is also assessed to have great implications on humans’’ mental well-being. It is also assessed that changes in climatic conditions and maximizing calamites will mainly have great implications on the mental well-being of children and infants. The tension and implications on the mental well-being in initial life could maximize mental well-being issues for the children in upcoming time (Doroteo, 2015).

Changes in climatic conditions could greatly affect the well-being and health of human beings. Because of changes in climatic conditions, many diseases could produce such as malaria; dengue, cholera etc. also maximize and affect the well-being and health of human beings. As per the research, changes in climatic changes are the major threat and hazards that are mainly tackled by human beings. The temperature is rising day by day and it is affecting the skin of human beings and also causing many health issues. As the earth is getting hotter, the likelihood of infectious diseases is also increasing day by day. The likelihood of rising diseases is particularly built on some aspects such as usage of the land, the system of sewage, supply of water, a system of waste management etc. humidity, patterns of rainfall, and temperature of a particular area also have the important part in the extent of the infective diseases (Doroteo, 2015).

Over the last century many reflective economic, social and technological transformations have been there. In many countries, the complete diffusion and development of innovations like automobiles, telephones and electricity have escorted the development of mass government, mass consumption and mass production. Many individuals are there mainly facing the upcoming century, spectacle if it would be desirable or possible for continuing mainly along the way of such extraordinary alteration. Some stress about the volume, both social and technological, for continuing inventing and advancing new equipment, innovative products and innovative ways of regulating everyday life and work. Other individuals stress that the current costs of transition might be very major or that the hazards to valued societies and the risks to the sustainability of the environment will be very major to bear. In significant, understanding the complete potential of upcoming technologies for contributing well-being of people was looked at as depending greatly on the capability for embracing active changes (Foreman & Retallick, 2012).

If the risks could be controlled, it is very probable that in upcoming years the array of technological developments will hugely enhance the welfare of people and also assist in helping to set the growth of the world on the course of sustainability. The structure situations affecting the distribution and rate of technological developments could be described into three categories: global, macro and micro. Socio-economic aspects at the level of micro include the particular organizational and institutional patterns of agencies of government, enterprises, households and families and also the decisions taken by persons on their part as managers, workers or civil servants. Macro aspects are the complete circumstances of socio-economic within the enterprises and households should operate. The technological tendency and overall conditions of capital markets, labour and product are formed by national regulatory, fiscal and monetary policies that could change the certainty of borrowing situations, levels of prices, rivals entering the market and alterations in rates of employment (Foreman & Retallick, 2012).

In the end, universal structure situations are linked with the management of like the international trade system and flows of technology and investment. Global, macro and micro-framework situations could be looked at as hindering or favoring the dynamism of technology. Conditions, where the particular framework situations are completely favorable to the dynamism of technology, are more probable to disclose the probability of substantial alterations in patterns of socio-technology. The level of micro forecasts for 21st-century technologies is very much mixed. Numbers of alterations are there that are implemented day-by-day in a particular manner that households and firms organize daily life and work that appear favorable to technological diffusion and innovation (Brandt, 2013).

There can be an essential battle between the fundamental probabilities mainly disclosed by changes in technology. Adopting innovative attitudes, approving different approaches to the management of risk and training the individuals for various structures of decision-making are infrequently straightforward. Within the limits of the particular motorized vision of mobility, consumption and production, there will endure beinga substantial possibility for iterative invention. Competition is very likely to endure to press organizations for improving products and services, as well mainly initiatives for addressing the essential issues pretended by automotive safety, congestion and pollution (Brandt, 2013).


By this, we conclude that it is very important for taking some essential and bid steps to regulate and control changes in climatic conditions and technology also. By maximizing sustainability and concerning with decreasing carbon releases, the implications on the climatic conditions could be also decreased. Decreasing the utilization of fossil fuels and energy could assist the decrease of carbon release. The utilization of renewable energy must be maximized to decrease the implication on the surroundings. The government must encourage the population for increasing the utilization of communal transport. The organizations must also be promoted to be concerned about encouraging sustainable practices in the company (Freire, 2021).

The enterprises could particularly contribute in various manners by decreasing the utilization of plastics, maximizing the utilization of renewable energy and changing the material of packing. As this report has also concentrated on the technological and economic transformation in the 21st century, insignificant to the diffusion, creation and utilization of innovative technologies, transitions in the 21st century have the full potential to escort persistent technological development on par with mainly those past periods such as automobile, electricity and steam engine. Also, changes in climatic conditions are the major focus for human beings and it is maximizing many constraints. It is particularly creating a lack of water and food (Freire, 2021).



Bolt, J., Inklaar, R., De Jong, H., & Van Zanden, J. L. (2018).Rebasing ‘Maddison’: new income comparisons and the shape of long-run economic development. GGDC Research Memorandum, 174(2018).

Brandt, T. (2013).Information Systems in Automobiles–Past, Present, and Future Uses.

Doroteo, H. J. (2015). Philippines: disaster risk profile and disaster risk reduction (DDR) framework: natural calamities. University of Oviedo, Asturias, Spain, 1-46.

Foreman, E. A., & Retallick, M. S. (2012). Undergraduate involvement in extracurricular activities and leadership development in college of agriculture and life sciences students. Journal of Agricultural Education, 53(3), 111-123.

Freire, C. (2021). Technological transformation and innovation for economic diversification and structural transformation in CDDCs.In United Nations conference on trade and development pdf.

Masson-Delmotte, V., Zhai, P., Pirani, A., Connors, S. L., Péan, C., Berger, S., …& Zhou, B. (2021). Climate change 2021: the physical science basis. Contribution of working group I to the sixth assessment report of the intergovernmental panel on climate change, 2.

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