Heat Stress Increase Predicted To Cost Global Economy $2.4 Trillion A Year

An increase in heat stress at work linked to climate change is set to have a massive impact on global productivity and economic losses, notably in agriculture and construction, UN labor experts said on Monday. Highlighting that the world’s poorest countries will be worst affected, particularly in West Africa and South-East Asia, the International Labour Organization (ILO) warned that the lost output will be equivalent to 80 million full-time jobs – or 2.2 % of total working hours worldwide – during 2030. The total cost of these losses will be $2.4 trillion every year, ILO’s Working On A Warmer Planet report maintains, based on a global temperature rise of only 1.5 degrees Celsius by the end of this century.

By International Labour Organization News. July 1, 2019.

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