Rising temperatures devastate environmentalists and the officials who have to deal with the consequences of recent natural disasters. The 2017 Atlantic hurricane season turned to be fierce, and it is a bad news for the southeastern states. At the same time, farmers in the Arctic Circle rub their hands expectantly. The period of hot days has expanded there so that Greenlandic, Russian and Canadian farmers can get more in revenue. Nevertheless, not all of them can see the benefit of global warming. In Greenland, sheep farmers suffer losses due to the hot dry summer.
A decade ago, the early evidence of changes brought by global warming genuinely invigorated farmers in the Arctic region. But now we can see that not everything about their routine is so bright. Hot summer is succeeded with frosty winter without any humid spring or autumn, which narrows agricultural opportunities in Greenland. At best, families on the island can grow vegetables for themselves and depend less on the Danish imports. Beekeepers also can see their businesses improve due to the expanded summer season. The rest of the farmers have actually born losses due to the climate change in Greenland.
The economic loss caused by global warming is more than noticeable. Damage to the property and infrastructure leaves thousands of people in poverty and drains the budgets that issue funds for the rehabilitation of affected areas. Many farmers find their businesses unprofitable because of the pests and weather conditions so that monopolists take over the supply of harvest. In some European countries, businesses that run on fossil fuels watch their shares lose value. High carbon emissions also damage fisheries so that large exporters of fish (Sweden, Chile, Canada, India, the US and more) will lose billions of dollars in revenue by 2050.