The companies, which are involved in energy and mining, food, pharmaceuticals or technology manufacturing or transport and utilities, are more exposed to issues such as flooding than other companies in their sector and region, the Institutional Investors Group on Climate Change (IIGCC) said.In a letter to the European, Asian and U.S. companies from more than 50 IIGCC members, the investors asked the firms to identify properly and respond to events such as flooding, droughts and extreme heat.
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Slow Covid vaccination to cost global economy $2.3 trillion: Study
“Emerging countries will shoulder around two-thirds of these losses, further delaying their economic convergence with more developed countries,” the EIU said.
It warned the delayed rollout of vaccines could fuel resentment, increasing the risk of social unrest in developing economies.
The Asia-Pacific Region will be the worst hit in absolute terms, accounting for nearly three-quarters of the losses.
But as a percentage of GDP, sub-Saharan Africa will suffer the worst losses.
New WHO air-quality guidelines aim to cut deaths linked to fossil fuels
The guidelines could also send a message to the wider public about lifestyle and business choices –- whether it’s driving cars and trucks, disposing of garbage, working in industrial jobs or farming.
Air pollution has been linked to heart disease, diabetes, cancer, and early death, and recent evidence has suggested negative effects on pregnancy, cognitive development in kids, and mental health, experts say.
“There is nothing more essential for life than air quality,” WHO Director-General Tedros Adhanom Ghebreyesus told reporters. “And yet, because of air pollution, the simple act of breathing contributes to 7 million deaths a year. Almost everyone around the world is exposed to unhealthy levels of air pollution.Air pollution is now comparable to other global health risks like unhealthy diets and smoking tobacco, WHO said.
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