{"id":9709,"date":"2024-03-27T09:38:47","date_gmt":"2024-03-27T09:38:47","guid":{"rendered":"https:\/\/sarasinandpartners.com\/row\/?p=9709"},"modified":"2024-03-27T09:43:14","modified_gmt":"2024-03-27T09:43:14","slug":"sarasin-climate-blog-poor-are-more-vulnerable-to-climate-change","status":"publish","type":"post","link":"https:\/\/sarasinandpartners.com\/row\/think\/sarasin-climate-blog-poor-are-more-vulnerable-to-climate-change\/","title":{"rendered":"Sarasin climate blog: Poor are more vulnerable to climate change"},"content":{"rendered":"<h3><strong>Poor are more vulnerable to climate change<\/strong><\/h3>\n<p>Our friends at the Smith School, Oxford, have been busy again. This time they have been exploring the link between climate change and macroeconomic fluctuations by examining temperature and precipitation changes across countries and regions.<\/p>\n<p>\u201cThe decomposition of temperature and precipitation variances allowed us to assess the contribution of the world and regional factors to climate fluctuations. We found that the world factor accounted for a significant proportion (52 %) of temperature fluctuations globally, with higher contributions in regions such as Sub-Saharan Africa, Latin America, and Asia.\u201d<\/p>\n<p>Their findings include:<\/p>\n<ul>\n<li>Countries with lower GDP per capita and a higher share of agriculture are more exposed to global temperature changes<\/li>\n<li>Higher energy consumption per capita is associated with lower exposure to global temperature fluctuations<\/li>\n<li>Lower emissions intensity and a lower proportion of energy derived from fossil fuels correlate with slightly higher exposure.<\/li>\n<\/ul>\n<p>Socioeconomic factors also play a role:<\/p>\n<ul>\n<li>Countries with lower exposure to global temperature changes have higher life expectancy and secondary school enrolment rates, and lower urbanisation rates.<\/li>\n<li>Countries with higher readiness demonstrated lower exposure, indicating that well-developed strategies for addressing climate change can mitigate the impact of rising temperatures.<\/li>\n<\/ul>\n<p>The full text of <em>Vulnerability to climate change: evidence from a dynamic factor model <\/em>is available here: <a href=\"https:\/\/www.smithschool.ox.ac.uk\/sites\/default\/files\/2023-08\/Vulnerability-to-Climate-Change-Evidence-from-a-Dynamic-Factor-Model.pdf\">https:\/\/www.smithschool.ox.ac.uk\/sites\/default\/files\/2023-08\/Vulnerability-to-Climate-Change-Evidence-from-a-Dynamic-Factor-Model.pdf<\/a><\/p>\n<hr \/>\n<p><strong>Important information<\/strong><\/p>\n<p><strong>This document is intended for retail investors and\/or private clients. You should not act or rely on this document but should contact your professional adviser.<\/strong><\/p>\n<p>This document has been issued by Sarasin &amp; Partners LLP of Juxon House, 100 St Paul\u2019s Churchyard, London, EC4M 8BU, a limited liability partnership registered in England and Wales with registered number OC329859, and which is authorised and regulated by the Financial Conduct Authority with firm reference number 475111.<\/p>\n<p>This document has been prepared for marketing and information purposes only and is not a solicitation, or an offer to buy or sell any security. The information on which the material is based has been obtained in good faith, from sources that we believe to be reliable, but we have not independently verified such information and we make no representation or warranty, express or implied, as to its accuracy. All expressions of opinion are subject to change without notice.<\/p>\n<p>This document should not be relied on for accounting, legal or tax advice, or investment recommendations. Reliance should not be placed on the views and information in this material when taking individual investment and\/or strategic decisions.<\/p>\n<p><strong>The value of investments and any income derived from them can fall as well as rise and investors may not get back the amount originally invested. If investing in foreign currencies, the return in the investor\u2019s reference currency may increase or decrease as a result of currency fluctuations. Past performance is not a reliable indicator of future results and may not be repeated. Forecasts are not a reliable indicator of future performance.<\/strong><\/p>\n<p>Neither Sarasin &amp; Partners LLP nor any other member of the J. Safra Sarasin Holding Ltd group accepts any liability or responsibility whatsoever for any consequential loss of any kind arising out of the use of this document or any part of its contents. The use of this document should not be regarded as a substitute for the exercise by the recipient of their own judgement. Sarasin &amp; Partners LLP and\/or any person connected with it may act upon or make use of the material referred to herein and\/or any of the information upon which it is based, prior to publication of this document.<\/p>\n<p>Where the data in this document comes partially from third-party sources the accuracy, completeness or correctness of the information contained in this publication is not guaranteed, and third-party data is provided without any warranties of any kind. Sarasin &amp; Partners LLP shall have no liability in connection with third-party data.<\/p>\n<p>\u00a9 2024 Sarasin &amp; Partners LLP \u2013 all rights reserved. This document can only be distributed or reproduced with permission from Sarasin &amp; Partners LLP. Please contact\u00a0<a href=\"mailto:marketing@sarasin.co.uk\">marketing@sarasin.co.uk<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Poor are more vulnerable to climate change Our friends at the Smith School, Oxford, have been busy again. This time they have been exploring the link between climate change and macroeconomic fluctuations by examining temperature and precipitation changes across countries and regions. \u201cThe decomposition of temperature and precipitation variances allowed us to assess the contribution...<\/p>\n","protected":false},"author":14,"featured_media":14112,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"coauthors":[87],"class_list":["post-9709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-thematic"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sarasin climate blog: Poor are more vulnerable to climate change - Sarasin &amp; Partners Global<\/title>\n<meta name=\"description\" content=\"Climate Analyst Ben McEwen outlines how a hotter world will disproportionately affect the poorest.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sarasinandpartners.com\/row\/think\/sarasin-climate-blog-poor-are-more-vulnerable-to-climate-change\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sarasin climate blog: Poor are more vulnerable to climate change - Sarasin &amp; 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