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Looking Forward to World Peak: Climate Change-Induced Market Prospects

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Abstract

Overall, the data presented over all three GDP pillars of the agriculture, service and industry sectors suggests that climate change will affect their feasibility and performance. As the temperature will be rising, we may therefore see a shift from industry production with lowest optimum temperature to service sector activities with medium peak cardinal temperature and then agriculture sector productivity with the highest optimum temperature as recalculated by a meta-analysis of literature sources. Overall, the literature meta-analysis results outline that the peak condition for happiness at 14°C has passed when considering the world mean temperature of 18.6°C (65°F). In addition, the peak condition for workplace temperature has passed when measured by the world mean temperature of 18.6°C (65°F). Heat waste production is prospected to become a luxury good in the future; as well all winter-sports-related activities. When it comes to safety, Legionella bacteria in the water will soon become a problem and medical and hygiene markets that combat this risk and disease will likely prosper soon. The results have implications for global warming mitigation and adaption strategies as well as hold invaluable novel insights for the implementation of a transition into renewable energy.

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© The Author(s) 2020

Authors and Affiliations

  1. 1.The New School & Columbia UniversityNew YorkUSA

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