Extreme heat comes with an economic cost, and researchers are starting to understand the total. Presented by Deloitte ad
push workers to stay home or cut their days short and businesses temporarily close.
However, the total price tag is just starting to come into focus as emerging research shows the costs of scorching temperatures is far higher than previously understood. "A lot of studies have examined the impacts of extreme heat on health and mortality risks, as well as on labor productivity in certain sectors, like agriculture and construction," Justin Mankin, an associate professor of geography at Dartmouth College, told Insider. Newly available economic data and more advanced climate models now make it possible to measure how extreme heat hurts the global economy.
Between 1992 and 2013, the world lost an estimated $16 trillion, on average, because of extreme heat fueled by the climate crisis, a study Mankinfound. The losses were much higher in poor tropical countries, accounting for up to 6.7% of GDP per capita in the regions. Wealthier regions saw a 1.5% hit to GDP per capita.
The findings underscored the unequal burdens of the climate crisis, especially because rich countries were the largest polluters, Mankin said. The economies in low-income countries tend to be more vulnerable to extreme heat and other disasters because they're agricultural-based, a large fraction of the workforce are outdoor laborers, and energy infrastructure isn't resilient to stress.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
$16 million in grants to help tribes investigate murdered, missing Indigenous peopleIndigenous people are much more likely to experience violence than White Americans, statistics show.
Les mer »
The Best Products for Treating Eczema in Oily Skin Are All Under $16We asked dermatologists how to deal with oily skin with eczema, and it turns out, the best treatments are less than $16.
Les mer »
Tokenized Treasury Market Is Worth Over $600 Million: Binance ResearchReal-World Asset tokenization is forecasted to hit $16 trillion by 2030.
Les mer »
I Have Oily Skin & This $16 Gel Moisturizer Has Earned a Spot in My RotationA review of Bubble Skincare's Level Up Balancing Gel Moisturizer, which is affordable at $16 and suitable for oily skin.
Les mer »
Pro-Trump PAC spent over $40 million on legal bills for Trump and aides in 2023Save America, the political action committee founded by former President Donald Trump has spent more than $40 million on legal fees for Trump and his allies on multiple legal cases in the first six months of 2023.
Les mer »