The most recent IPCC report on climate change takes a look on the near and long term risks that the continuous deterioration of the planet’s climate could cause.
Near-term risks
Near-term warming and increased frequency, severity and duration of extreme events will place many terrestrial, freshwater, coastal and marine ecosystems at high or very high risks of biodiversity loss.
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In fact, continued and accelerating sea level rise will encroach on coastal settlements and infrastructure and commit low-lying coastal ecosystems to submergence and loss. If trends in urbanisation in exposed areas continue, this will exacerbate the impacts, with more challenges where energy, water and other services are constrained.
In the near term, climate-associated risks to natural and human systems depend more strongly on changes in their vulnerability and exposure than on differences in climate hazards between emissions scenarios.
Long-term risks
In ocean and coastal ecosystems, risk of biodiversity loss ranges between moderate and very high by 1.5°C global warming level and is moderate to very high by 2°C but with more ecosystems at high and very high risk, and increases to high to very high across most ocean and coastal ecosystems by 3°C.
Projected increases in direct flood damages are higher by 1.4 to 2 times at 2°C and 2.5 to 3.9 times at 3°C compared to 1.5°C global warming without adaptation. At global warming of 4°C, approximately 10% of the global land area is projected to face increases in both extreme high and low river flows in the same location, with implications for planning for all water use sectors.
Climate change and related extreme events will also significantly increase ill health and premature deaths from the near- to long-term. This comes with climate change risks to cities, settlements and key infrastructure that will rise rapidly in the mid- and long-term with further global warming, especially in places already exposed to high temperatures, along coastlines, or with high vulnerabilities.
Moreover, significant regional variation in aggregate economic damages from climate change is projected with estimated economic damages per capita for developing countries often higher as a fraction of income. Economic damages, including both those represented and those not represented in economic markets, are projected to be lower at 1.5°C than at 3°C or higher global warming levels.