There is really no such a thing as bad weather, only different kinds of good weather. But, there is still weather that poses negative economic expectations. The weather conditions affect not only agriculture, the global economy suffers losses stemming from climate change. At the World Economic Forum, scientists talked about the present year's risks and the 2013 results. The specialists calculated that the climate change caused by human activity in particular cost the global economy 1.5% of GDP, or $1.2 trillion. Not very rich nations are afflicted the most. Their losses are up to 11% of GDP. And this is only the beginning. The forecasts suggest the situation might worsen. By 2030, the harm is predicted to double. For instance, Central Asia where the temperature has inched up 1.5C has already had troubles with crop yield reduction and agriculture is losing about half of earnings. However, not only global warming, storms, floods, and epidemics influence the economy negatively. We all know if something goes away from one place, it comes to another. Countries with severe climate can benefit from the current situation. For example, Russia's economy has good opportunity to gain from even a slight rise of average temperature. There are two favorable factors for Russian Federation. The first one is that the warming expands agricultural areas. The second and more meaningful factor is that multi-year ice drifts and changes its position. For this reason, the interest in the Northern Sea Route is growing as it is becoming more efficient shipping route for cargo ships, said Managing Director of ALOR Group Sergey Khestanov. Time will show ups and downs of temperature highs and lows. But it is already understood that we all should get ready to live in new environment.
