Economics

Current and projected regional economic impacts of heatwaves in Europe

D. García-león, A. Casanueva, et al.

Discover how extreme heat could significantly affect Europe's economy, leading to potential damages of 0.3-0.5% of GDP, with alarming projections for the future. This vital research, conducted by David García-León, Ana Casanueva, Gabriele Standardi, Annkatrin Burgstall, Andreas D. Flouris, and Lars Nybo, underscores the urgency for mitigation and adaptation strategies.

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Abstract

This study analyzes the current and future economic damages in Europe due to reduced labor productivity caused by extreme heat. Analyzing heatwaves in 2003, 2010, 2015, and 2018, researchers estimated damages at 0.3–0.5% of European GDP. However, impacts varied regionally, exceeding 1% in vulnerable areas. Projections suggest a nearly fivefold increase in damages by 2060 without mitigation or adaptation.

Publisher

Nature Communications

Published On

Oct 04, 2021

Authors

David García-León, Ana Casanueva, Gabriele Standardi, Annkatrin Burgstall, Andreas D. Flouris, Lars Nybo

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