The “new abnormal”: The rise of extreme flooding, briefly explained
VoxMAR 12 2023
Humanity faces a massive food and economic crisis amid worsening water shortages, particularly in regions producing 25-50% of the world's food crops.
A report published Wednesday by the OECD-backed Global Commission on the Economics of Water said the crisis may cut high-income nations' GDP by 8%.The OECD-backed Global Commission on the Economics of Water (GCEW) reported Wednesday that the crisis may cut high-income nations' GDP by 8%.
Low-income nations' GDP could fall by 15% as the effects of changing rainfall patterns, rising temperatures, and lack of access to clean water wreak havoc, it reported.Low-income nations' GDP may fall by 15% as the effects of changing rainfall pattern, temperature rise, and a lack of access to clean water wreak havoc, it reported.