The implications of climate change for national economies are significant . The costs associated with lost productivity, disaster relief expenditure and unfunded contingent liabilities represent a major risk to financial system stability . Costs include significant and often long-term social impacts, temporary dislocation, business disruption and impacts on employment, education, community networks, health and well-being . Climate change disrupts international patterns of agricultural production and trade in ways that may be negative but that also may lead to new opportunities for agriculture . Net exports may increase following global climate shocks , but the longer-term effects on GDP are likely to be negative .
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report