global warming could be more harmful than what we think

Many individuals and countries have realised the importance of environment and the danger of global warming. However, some of the side effects of the global warming have not been discussed frequently though they could cause serious impacts on our economy as well as our society. 

The temperature change caused by the global warming could cause serious and immediate impacts on us. There is a study that finds that increasing the temperature by 1 degree could increase the probability of a civil war in a African region by 1 percent and also have a lagged effect of 0.9 percent in the coming year. As we know that the political stability has a very close relationship with the economic development. When a country’s economy is largely dependent of its agricultural industry, the impact of the temperature on its economy could be very significant, a lower production in the agricultural sector due to the climate change could lead to a political instability due to the poor economic environment. In addition, the temperature change could have a multiplier effect as well. When the temperature is higher, we do not feel very comfortable, so we need to use industrial tools, such as air conditioners, to help us to live under a comfortable environment, while the industrial tools potentially could increase the temperature further more. This means the temperature increase rate could be accelerating when the temperature is higher. Moreover, as we all can feel that temperature can easily affect our mood, when it is hot, we are more likely to be impatient; when we become impatient, our attitudes in our daily activities including consumption and investment change (many economic theories have pointed out the consumption and investment behaviour differences between patient and impatient people), so our society and economy would also change systematically.