[Asia Economy Reporter Naju-seok] An analysis has revealed that more than half of the world's Gross Domestic Product (GDP) is exposed to risks such as weather anomalies and natural disasters.
On the 19th (local time), according to foreign media, the World Economic Forum (WEF) reported based on a report released by PricewaterhouseCoopers (PwC) in the UK that over half of the global GDP, valued at $44 trillion (51,062 trillion KRW), relies on nature in the process of value creation. Therefore, the $44 trillion is exposed to natural disasters and similar risks.
This report was prepared to urge increased attention to the increasingly severe climate crisis.
Industries such as construction ($4 trillion), agriculture ($2.5 trillion), and food and beverage ($1.4 trillion) were identified as highly dependent on nature. These sectors directly extract resources from forests or oceans or depend on ecosystems such as healthy soil, clean water, moisture, and a stable climate.
Among the $44 trillion highly dependent on nature, industries severely dependent on nature account for $13 trillion, or 15% of global GDP, while industries moderately dependent account for $31 trillion, or 37%.
Dominic Worrall, Director of WEF, said, "We need to reset the relationship between humans and nature," adding, "The damage caused by economic activities can no longer be viewed merely as externalities."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
