ECONOMIC INFLUENCERS OF CLIMATE CHANGE: A COMPARATIVE STUDY OF SOUTH ASIAN NATIONS

This paper investigates the phenomenon of climate change and how economic parameters like – Real GDP, Government Debt, Health Expenditure and Inflation influence climate change amongst South Asian nations. The data underwent evaluation through the utilisation of statistical techniques including a Correlational Matrix, ANOVA, and Linear Regression. The study also integrates the Climate Risk Index reports published by German Watch, which were afterwards compared to indicators of mortality and GDP per capita. Certain countries exhibited a positive association between the aforementioned characteristics and average temperature, whereas others had a negative correlation. The study aims to build a linear equation utilising real GDP as a predictor to assess the influence of economic development on climate. Given the prevailing circumstances characterised by limited financial resources, inadequate infrastructure development, and a lack of technological proficiency, it is imperative for nations to prioritise the promotion of environmentally friendly technologies, explore alternative avenues for financial support, and implement measures to curtail carbon dioxide emissions. Keywords: Climate Change, Sovereign Debt, Real GDP, Inflation, Health Expenditure, Climate Risk Index, South Asian Countries.