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IELTS Free Online Writing Practice - QuestionDiscuss the impact of climate change on global economic stability.

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Question:"Discuss the impact of climate change on global economic stability."

Model Answer:

In recent years, climate change has become a major concern for nations around the world. This phenomenon is not only affecting our environment but also poses significant threats to the global economy. In this essay, I will explore the consequences of climate change on the world's financial stability and suggest possible solutions to mitigate these impacts.

The first aspect of economic instability caused by climate change lies in the natural disasters that are becoming increasingly frequent due to rising temperatures. These include hurricanes, floods, droughts, and wildfires, which can result in significant damage to infrastructure, agriculture, and industries. For example, Hurricane Katrina in 2005 caused over $108 billion worth of damage in the United States alone.

Secondly, climate change is affecting global food production as a result of shifts in weather patterns and rising sea levels. The reduction in agricultural yields due to extreme temperatures or flooding will lead to shortages in food supply and consequently, higher prices for consumers. This not only impacts the quality of life but also has repercussions on the international economy, as trade relations become strained due to scarcity.

Lastly, climate change is a significant factor influencing migration patterns across the globe. As regions become uninhabitable due to rising sea levels or extreme temperatures, large numbers of people will be forced to relocate. This can create social and economic challenges in destination countries, causing tensions between existing populations and newcomers.

In conclusion, climate change is a multifaceted issue that poses significant threats to the global economy. Its impacts range from natural disasters, affecting infrastructure and agriculture, to influencing migration patterns and creating tension between nations. As such, it is crucial for governments and international organizations to collaborate on strategies to mitigate these effects and ensure long-term economic stability.

Score: Band 9

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