Climate change has become a global issue that not only impacts the environment but also the world economy, especially commodity prices. The impacts of climate change, which include extreme weather, changes in rain patterns and increasing temperatures, affect the production, distribution and consumption of various commodities. One of the commodities most affected is agriculture, where fluctuations in temperature and rainfall are crucial for crop yields. For example, rising temperatures can speed up the process of soil drying, causing a decrease in rice and wheat yields. As a result, the prices of these two commodities increased, affecting global food costs. Countries that depend on imports of these commodities will experience price spikes, affecting their food security. Apart from agriculture, the energy sector is also affected. Energy demand increases in regions experiencing extreme weather such as heat waves. Controversy regarding renewable energy vs. renewable energy Fossil energy is also getting hotter, affecting oil and gas prices. Rising global temperatures also result in an increase in the frequency of natural disasters, which can shake energy distribution infrastructure, triggering sharp price fluctuations. Metal commodities, such as copper and aluminum, are also vulnerable to the impacts of climate change. Mining for these metals is often hampered by bad weather, adding to operational costs and affecting supplies. With ever-increasing demand for green technologies, the prices of these metals are becoming increasingly volatile in response to changing policies and environmental circumstances. The fisheries sector is also not immune from the direct impacts of climate change. Rising sea temperatures are changing fish migration patterns, disrupting commercial catches. This causes an increase in the price of fish and marine products, which is starting to become a burden for consumers. Countries that depend on fisheries exports experience higher economic risks due to reduced supplies. Commodity price fluctuations impact the entire global supply chain. Price uncertainty forces companies to look for innovative solutions, such as diversifying sources of raw materials and investing in new agricultural technologies. This activity requires large funds, which in turn can affect economic stability in developing countries. Mitigation strategies are also starting to be developed to reduce the impact of climate change on commodity prices. Investment in sustainable agriculture that is more resilient to climate change is a focus for many countries. Additionally, more efficient storage and distribution technologies are predicted to balance supply and demand, stabilizing prices in the long term. All these factors show that the impact of climate change on global commodity prices is complex and interrelated. Rising commodity prices will not only affect certain sectors but can have a domino impact on various aspects of life. Therefore, stakeholders must be proactive in planning mitigation and adaptation to face future challenges.
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