By Majd Othman
KUWAIT: International economies, notably GCC economies should draw a strategic plan to climate the doable impacts of local weather change on their economies, a Kuwaiti economist mentioned, stating that such a transparent technique might assist Kuwait financial system cushion the present and future results of climatic turbulences. Speaking to Kuwait Instances on the implications of local weather change on international economies, economist Nader Al-Obaid additionally mentioned intimately the doable impression of rising temperatures on the financial progress in lots of sectors of Kuwait.
Through the years, financial progress has been negatively impacted internationally by numerous elements; a few of them attributable to human actions corresponding to wars, financial crises or political tensions whereas others triggered by pure causes corresponding to local weather change and hovering temperatures.
“In Kuwait, the agriculture sector is one sector which has been impacted by local weather change and rising temperatures, particularly after we discuss seasonal merchandise,” Al-Obaid mentioned. “Nonetheless, the impression of local weather change on Kuwait’s farm sector has been largely restricted as a result of weak native agricultural manufacturing and a scarcity of correct authorities focus,” he mentioned.
“Kuwait wants a transparent strategic plan to thrust back the impression of local weather change and keep a steady degree of financial progress. Qatar has put in place a scientific mechanism that helps the nation keep sure temperature ranges of their lands and improve its inexperienced areas whereas we in Kuwait nonetheless endure from a scarcity of inexperienced areas that assist in lowering the impact of hovering temperature ranges,” he mentioned.
Al-Obaid mentioned “Kuwait doesn’t have a proactive plan to take care of the circumstance and keep our financial progress. Subsequently, we want a transparent strategic plan that limits the impression of local weather change on financial system. Such a strategic plan will assist the nation broaden its agricultural land, create extra job alternatives and diversify its sources of revenue. Such an initiative will even assist the creation of extra productive areas within the nation to spice up livestock and bolster meals safety along with rising biodiversity in city areas,” he identified.
Saudi Arabia might be the worst affected nation within the GCC as local weather change has vastly impacted its agricultural output. The nation has round 99,5000 hectares of agricultural land and the dominion has invested closely on this land to develop agriculture merchandise to make sure meals safety for the nation and for exports. “Subsequently, if the agriculture sector is affected by local weather change, it should undoubtedly have an effect on its financial progress. Bear in mind, Saudi Arabia produces plenty of top-end farm merchandise corresponding to top of the range dates,” he identified.
“If we have a look at the Gulf nations, we might see that Qatar is essentially the most environment friendly nation by way of agriculture and self-sufficiency as a result of it has invested in fashionable know-how and hydroponics to spice up its agriculture manufacturing,” he added. Al-Obaid clarified, “In every nation, financial progress relies on what its financial system relies on. In Kuwait, local weather change is affecting the development and contracting sectors primarily because of the allocation of particular hours for staff in view of the excruciating warmth that exceeds over 60 diploma Celsius throughout summer time season.”
“Excessive temperatures will even have an effect on the employee productiveness. Based on a number of worldwide research, worker productiveness decreases by 4 p.c with each rise of temperature by 10 diploma Celsius. In consequence, handicraft and manufacturing industrial companies are extra affected in comparison with the digital enterprise sector. Subsequently, on-line sector is essentially the most thriving enterprise throughout summer time,” he mentioned. “The neatest factor enterprise house owners might do is to keep up their workers’ productiveness throughout summer time as it should improve the earnings of the group and increase the financial progress of the nation. Research indicated that the roles that don’t require the workers to maneuver from one place to a different or do business from home system will yield extra productiveness. Sadly, this technique has not been used successfully in Kuwait besides through the pandemic,” he mentioned.