The Unfair Narrative on Global Warming and Development: Why it must be challenged

http://www.theecologist.org/blogs_and_comments/commentators/2987916/the_unfair_narrative_on_global_warming_and_development_why_it_must_be_challenged.html
Date Written:  2016-07-18
Publisher:  Ecologist
Year Published:  2016
Resource Type:  Article
Cx Number:  CX19833

Industries that majorly contribute to climate change are being subsidized, while more marginalized industries receive vey little to mitigate the impact of climate change.

Abstract: 
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Excerpt:

global subsidies to the fossil fuel industry, both indirect and direct, amounted to $5.3 trillion dollars in 2015. Or to frame it another way, 6.5% of global GDP. Roughly $10m per minute. That's right you read it correctly- 10 million dollars per minute.


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Amongst those consequences: Arctic sea ice and land-based glaciers are melting; sea-levels are rising threatening coastal regions where most of world's population lives; and ocean acidification is now critically disrupting aquatic ecosystems. Additionally, global warming increases both extremes of the earth's water cycle, which will mean two things: one, more heatwaves and droughts because of a warmer atmosphere, and two, a warmer atmosphere holds more water vapour, so more extreme rainfall.