The impact of climate change is not the same everywhere ⁠— some parts have something to gain but that’s not a good thing overall

• As global warming gets worse over the next two centuries, India is among one of the countries set to bear the brunt of climate change.
• A working paper by Princeton University estimates that India’s welfare loss — decrease in economic and social well being — could be as high as 15% against the global average of 6%.
• However, some regions like Alaska, North Canada and Siberia could see an uptake in welfare, which isn’t without its own cost.

Global warming may affect the entire world, but some countries have more to lose than others, particularly India. On the flip side, some countries stand to gain from the melting ice caps and rising sea levels — at least on an economic level — like Alaska, North Canada and Siberia.

A working paper by researchers at the Princeton University pegs the possible welfare loss by up to 15% by the end of the century for some of the hottest regions of the world. Meanwhile, the coldest regions could be possible beneficiaries.

The impact of climate change is different not only between countries but there are large deviations within a country. The Reserve Bank of India (RBI), in a report released in April 2020, said that agricultural states, like Punjab and Bihar, will be more affected by global warming than others.

Here’s a quick look that what parts of the world stand to gain from global warming, and who’ll be on the losing side: