How does climate change impact South Korea's automotive export industry, and what are the projected percentage decreases in export values due to climate change by 2100?

Answered on : 2024-01-24

Sources

온난화 '뜻밖의 불똥'…"韓 자동차 수출 최대 24% 줄어든다" 왜

joongang.co.kr

지구 온도 계속 오르면 韓경제 위축…2100년 자동차수출 24%

yna.co.kr

기후변화 악화 시 韓 경제 타격…한은 “2100년 자동차 수출 ...

greenium.kr

view 7 more

Answer

Improve the Answer

Climate change poses a significant threat to South Korea's automotive export industry. If global temperatures continue to rise, it is projected that the country's automotive exports could decrease by a substantial margin. Analysts estimate a maximum reduction of up to 24% in automotive export values by 2100 if measures to mitigate greenhouse gas emissions are not implemented [1] [2] [3] [4] [6]. This reduction is attributed to the potential decline in global demand caused by income decreases in trade partner countries due to the adverse effects of climate change [1].

**Q1:** What specific measures or policies could South Korea implement to mitigate the impact of climate change on its automotive export industry?

**Q2:** Are there any other industries in South Korea, besides automotive, that are similarly vulnerable to the effects of climate change on exports?

**Q3:** Can you provide examples of countries successfully managing the impact of climate change on their export-dependent industries?