Drug makers may profit from disease in global warming scourge

Thu, 2007-06-14 10:25Bill Miller
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Drug makers may profit from disease in global warming scourge

A report by PricewaterhouseCoopers LLP forecast that higher temperatures could lead to a doubling of the world pharmaceutical market in 13 years , with sales of medicines increasing to $1.3 trillion US from about $600 billion last year – provided drug makers find innovative treatments.

The New York-based accounting and consulting company, citing the Intergovernmental Panel on Climate Change, said the average temperature is projected to increase by 0.4 degrees Celsius during the next two decades and the increase could be greater if greenhouse-gas emissions increase.

Climate change may already be playing a role in reports of malaria in countries such as Turkey and Georgia where it was eradicated, the report said.

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In less than a decade, climate change-induced sea level rise could force thousands of people to migrate from some small island developing states (SIDS), according to the executive director of the United Nations Environment Program.

The world’s 52 small island developing states (SIDS) increasingly share sea level rise and other escalating environmental threats that are further aggravated by economic insecurities, Achim Steiner added.

What makes this situation even more grievous is that the climate...

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