Climate Change

Environmental
Positive effects of climate change may include greener rainforests and enhanced plant growth in the Amazon, increased vegitation in northern latitudes and possible increases in plankton biomass in some parts of the ocean. Negative responses may include further growth of oxygen poor ocean zones, contamination or exhaustion of fresh water, increased incidence of natural fires, extensive vegetation die-off due to droughts, increased risk of coral extinction, decline in global photoplankton, changes in migration patterns of birds and animals, changes in seasonal periodicity, disruption to food chains and species loss.
Economic
The economic impacts of climate change may be catastrophic, while there have been very few benefits projected at all.. Certain scenarios projected in the IPCC AR4 report would witness massive migration as low-lying countries were flooded. Disruptions to global trade, transport, energy supplies and labour markets, banking and finance, investment and insurance, would all wreak havoc on the stability of both developed and developing nations. Markets would endure increased volatility and institutional investors such as pension funds and insurance companies would experience considerable difficulty.
Developing countries, some of which are already embroiled in military conflict, may be drawn into larger and more protracted disputes over water, energy supplies or food, all of which may disrupt economic growth.
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