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IELTS Free Online Writing Practice - The impact of climate change on global economic stability

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Topic: The impact of climate change on global economic stability

Model Answer:

In recent years, climate change has emerged as a significant threat to the world's economy. As an editor, it is crucial to examine the potential consequences and challenges posed by this phenomenon, particularly in terms of global economic stability. This essay will discuss the various ways in which climate change impacts the world's economies, with a focus on agriculture, energy resources, and financial markets.

Firstly, the agricultural sector is one of the most vulnerable to the effects of climate change. Rising temperatures, changing precipitation patterns, and increased frequency of extreme weather events such as droughts, floods, and storms can lead to crop failures and food shortages. This not only has a direct impact on farmers' livelihoods but also affects global food prices and trade. As a result, countries that are heavily reliant on agriculture may experience economic instability, which could further exacerbate existing social and political issues.

Secondly, the energy sector is also affected by climate change. The extraction of fossil fuels such as oil, coal, and natural gas can be disrupted by extreme weather events, leading to supply chain disruptions and price volatility. Additionally, rising sea levels and more frequent storms can damage infrastructure related to the production, transport, and distribution of energy resources, causing further economic strain. The transition to renewable energy sources may help mitigate some of these impacts but requires significant investment in research, development, and infrastructure.

Lastly, financial markets are highly sensitive to changes in the global economy. As climate change intensifies, it is likely to create a more uncertain investment environment. This uncertainty can lead to fluctuations in stock prices, reduced consumer confidence, and decreased investments in long-term projects. Such economic instability can result in job losses, lower tax revenues for governments, and increased social inequality.

In conclusion, the impact of climate change on global economic stability is multifaceted and interconnected. While it is essential to address these challenges, a coordinated international response that includes adopting sustainable agricultural practices, investing in renewable energy sources, and implementing effective climate policies will be necessary to ensure the long-term economic prosperity of our world.

Task 2 Writing Score: Band 7 (Adequate): The candidate demonstrates a competent ability to sustain a coherent discussion on the topic but may have some limitations in the range or accuracy of details and/or logical organization of ideas.

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