Climatic costs include damage to infrastructure and property from extreme weather events, disruption to supply chains due to climate-related disasters, and decreased agricultural productivity.
Social costs encompass health impacts from air pollution and heatwaves, displacement of communities due to sea-level rise and natural disasters, and increased inequality as vulnerable populations bear the brunt of climate impacts.
These costs strain economic growth, increase healthcare spending, and exacerbate social disparities, necessitating investments in climate resilience and mitigation measures for sustainable economic development.
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