environmental-change-institute

Climate change set to put global trade at risk

More than $122 billion of economic activity is at risk from the impact of extreme climate events on ports, according to research by Oxford’s Environmental Change Institute. According to the paper in Nature Climate Change, knock-on effects within global shipping, trade and supply chains network will hit ports and economies around the world, those not directly affected by extreme events. According to the study, $81 billion per year of maritime trade is ... [+]