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Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by claycares: 5:18pm On Sep 30, 2019
[url][/url]Goldman Sachs released a 34-page analysis of the impact of climate change. And the results are terrifying.

A Goldman Sachs report on the impact of climate change on cities across the world makes for grim reading. Rising temperatures would lead to changing disease patterns, more intense and longer-lasting heatwaves, more destructive weather events, and pressure on the availability and quality of water for drinking and agriculture.

Major cities were also highlighted at risk of flooding with parts of New York, Tokyo, and Lagos all at risk of being partially submerged.
View Markets Insider for more stories.

Goldman Sachs released a report on the effect of climate change on cities around the world and the results made for grim reading.
The bank's Global Markets Institute, led by Amanda Hindlian, warned of "significant" potential risks to the world's largest cities, which are especially vulnerable to more frequent storms, higher temperatures, rising sea levels, and storm surges.

Cities generate about 80% of global GDP and are home to more than half of the world's population, a share that Goldman says, citing the United Nations, is projected to reach two-thirds by 2050. About 40% of the global population lives within 100 kilometers of a coast, it says, and 1 in 10 live in areas less than 10 meters above sea level.

Goldman highlighted three cities which would be subject to those storm surges and in the future could face harmful flooding — New York, Tokyo, and Lagos. Miami, Alexandria, Dhaka, and Shanghai face major flood risks due to being less than 11 meters above sea level.

Goldman's researchers said that when starting the study they took a broad consensus that human activity, namely emission of greenhouse gasses "is causing the earth to warm in ways that are affecting the climate."

Natural ecosystems would be damaged, and risks to human health would rise, as well as pressures on food and drinking water.
Agriculture would also be massively affected: "Warmer temperatures and shifting precipitation patterns could reduce yields and nutritional quality as well change growing seasons and agricultural zones around the world."

Goldman gave some fairly stark warnings about potential outcomes:
- More frequent, more intense, and longer-lasting heatwaves. The consequences will affect human health, productivity, economic activity, and agriculture. "Higher surface temperatures could exacerbate the warming process by causing permafrost to melt, releasing further methane and CO2 into the atmosphere."

- Destructive weather events, including storms, winds, flooding and fires. It's not just New York, Tokyo and Lagos. "Other major low-lying coastal or already flood-prone cities include Shanghai, Dhaka, Mumbai and Karachi – each of which has a population of 15 million people or more." Changing disease patterns. "Warmer temperatures could cause disease vectors to migrate from the tropics to regions where people have less immunity; this is true not only for viruses like malaria and dengue fever but also for water-borne and food-borne diseases."

- Shifting agricultural patterns and food shortages. "Livestock could be affected by higher temperatures and reduced water supplies. Ocean acidification is likely to put stress on aquatic populations and affect current fishing patterns. Some of these changes are already underway. Some climate scientists, for example, estimate that coral reefs will be all but extinct over the course of the century due to ocean acidification."

- Water. "Half of the world's population will live in water-stressed areas as soon as 2025," Goldman notes, citing the World Health Orgnization. "Even in non-stressed areas, the quality of surface water could deteriorate as more rain and storms drive erosion and the release of toxins. These dynamics could affect everything from the availability of drinking water for people to a shortage of water for livestock and crops (with negative effects for the food supply) to decreases in hydroelectric power generation."

The bank said that all those factors would "affect economic activity, damage infrastructure – from buildings to transportation to water and waste-management systems – and disproportionately harm vulnerable residents."

"Despite the uncertainty around the timing and scale of the impact, it may be prudent for some cities to start investing in adaptation now," Goldman says. "Urban adaptation could drive one of the largest infrastructure build-outs in history. Given the scale of the task, urban adaptation will likely need to draw on innovative sources of financing."

https://markets.businessinsider.com/news/stocks/goldman-sachs-climate-change-threatens-new-york-tokyo-lagos-cities-2019-9-1028552494

3 Likes

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by MadeBlack10: 5:24pm On Sep 30, 2019
So what's the solution to all these problems listed out?

6 Likes 1 Share

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by claycares: 5:32pm On Sep 30, 2019
MadeBlack10:
So what's the solution to all these problems listed out?

According to one school of though, the earth's climate destruction is already beyond redemption. This is supported by Greta Thunberg, schoolgirl climate change warrior.

The other school of thought says that we can only do little as the problem lies in our planetary solar system, i.e. the earth's planetary orbit around the solar system dictates the temperature of the earth just like the moon's gravitational pull is producing waves in our oceans.

We may have to find another planet in the galaxy to colonize if this continues unabated. grin

28 Likes 4 Shares

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by eTECTIV: 5:53pm On Sep 30, 2019
Lekki ppl shld jus buy canoe and life jackets in advance

14 Likes

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by claycares: 7:47pm On Sep 30, 2019
eTECTIV:
Lekki ppl shld jus buy canoe and life jackets in advance
Based on reports the whole of Lagos will be affected because Lagos is flat.

15 Likes

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by creedencity(m): 7:50pm On Sep 30, 2019
Resultant effect of urbanization, continuous craving for civilization coupled with i don't care attitude of everyone of us..... We all jointly made the drum, let's dance to the tune.

9 Likes 1 Share

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by claycares: 7:55pm On Sep 30, 2019
creedencity:
Resultant effect of urbanization, continuous craving for civilization coupled with i don't care attitude of everyone of us..... We all jointly made the drum, let's dance to the tune.
Or maybe it's the solar system?

2 Likes

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by Citytrend: 11:17am On Oct 01, 2019
Hnmm
Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by MANNABBQGRILLS: 11:17am On Oct 01, 2019
Major cities were also highlighted at risk of flooding with parts of New York, Tokyo, and Lagos all at risk of being partially submerged. 
Since all these more developed cities are at risk for the same flooding that Lagos is about to experience.
The best thing is for Lagos State Government to see the measures these other cities will take and seek out help in good time.

God bless Lagos state.
God bless Nigeria.

15 Likes 3 Shares

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by KingOfAllIgbos: 11:17am On Oct 01, 2019
MadeBlack10:
So what's the solution to all these problems listed out?

"Throw some people into the lagoon" Oba Akiolu.

36 Likes 2 Shares

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by wisdomkid: 11:18am On Oct 01, 2019
Wow, sad state of affair.
Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by Nobody: 11:18am On Oct 01, 2019
claycares:

According to one school of though, the earth's climate destruction is already beyond redemption. This is supported by Greta Thunberg, schoolgirl climate change warrior.

The other school of thought says that we can only do little as the problem lies in our planetary solar system, i.e. the earth's planetary orbit around the solar system dictates the temperature of the earth just like the moon's gravitational pull is producing waves in our oceans.

We may have to find another planet in the galaxy to colonize if this continues unabated. grin

Una don dey chop craze gringrin

2 Likes

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by Oluwasaeon(m): 11:18am On Oct 01, 2019
Time to go to Mars

5 Likes

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by gaetano: 11:19am On Oct 01, 2019
Tinubu will not take this report at all. This is the time to scatter Nigerias asset across different states. This is a disaster i don't think we can avoid, but politics will not allow them. Imagine spending billions building railway to north from Lagos then it gets submerged. It's time to look at the Niger delta region.

3 Likes

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by crazyABO(m): 11:19am On Oct 01, 2019
Watch some people storm this place with Lagos is overrated, lagos is this lagos is that yet if u tell them they going to lagos tomorrow them no go sleep grin lol let that time come first all those state wey flood don almost finish them shey research no reach there Abeg

8 Likes

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by emerged01(m): 11:19am On Oct 01, 2019
Make I go buy life jacket and lifebuoy for my family.

2 Likes 1 Share

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by TheAngry1: 11:19am On Oct 01, 2019
We'll be fine

3 Likes

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by SenecaTheYonger: 11:20am On Oct 01, 2019
Why is rain still falling in October?

3 Likes

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by money121(m): 11:20am On Oct 01, 2019
Ok
Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by RexTramadol1: 11:21am On Oct 01, 2019
Impossible




With all the sacrifices wey we don carry for adamo orisha
Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by Maldini212(m): 11:21am On Oct 01, 2019
Good news,,,,, very soon afonjas will be wiped out from the earth


Thunder fire Cowhari and his surpporters

5 Likes 1 Share

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by ainas247: 11:21am On Oct 01, 2019
:They finished buying land. now buying water and sandfilled.
It is well..

Rank your website fast on Google
chat up now

3 Likes

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by Femich18(m): 11:22am On Oct 01, 2019
We have been hearing this for a very long time

1 Like

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by SenecaTheYonger: 11:22am On Oct 01, 2019
MadeBlack10:
So what's the solution to all these problems listed out?

Trump doesn't believe there's anything like climate change, so he pulled the US of A out of the Paris Accord.

The Paris Accord or The Paris Agreement called for a balance of climate finance between adaptation and mitigation, and specifically underscoring the need to increase adaptation support for parties most vulnerable to the effects of climate change, including Least Developed Countries like Nigeria.

Goldman has released this study in the hope of convincing Trump's Administration that ignoring climate change may spell doom for our world.

1 Like

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by Ayhomes(m): 11:23am On Oct 01, 2019
Lagos is divine nothing will happen to us here

3 Likes 1 Share

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by hustlelegit(m): 11:23am On Oct 01, 2019
Time to go Mars

4 Likes 1 Share

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by NonFarmPayrol: 11:23am On Oct 01, 2019
All those eko Atlantic na underwater e go dey

Soon na Atlantis e go be underwater

4 Likes

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by calddon(m): 11:24am On Oct 01, 2019
Climate change is a big threat to the whole world.

Some days ago, youths in major cities all over the world were involved in protest and public march in their thousands to create awareness as to the dangers of climate change. While this was going on Nigerian youths were busy killing dia sef over bbnaija, very soon y'all be watching bbnaija underwater. Yeye generation. angry

20 Likes 4 Shares

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by BeeBeeOoh(m): 11:24am On Oct 01, 2019
SenecaTheYonger:
Why is rain still falling in October?
O boi see kweshon oh, we be God ni?

4 Likes

Re: Lagos At Risk Of Being Partially Submerged - Goldman Sachs Report by chronique(m): 11:25am On Oct 01, 2019
The sad thing about Nigeria is that we will do little or nothing to mitigate the effects of this prediction until it happens and destroys so much. That's when we'd start applying a fire brigade approach to remedy an already disastrous situation.

5 Likes

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