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Global supply chains amplify economic costs of future extreme heat risk

Economics

Global supply chains amplify economic costs of future extreme heat risk

Y. Sun, S. Zhu, et al.

This groundbreaking study explores the significant socioeconomic impacts of mid-century heat stress, revealing potential global GDP losses of up to 4.6% by 2060. Researchers, including Yida Sun, Shupeng Zhu, and Dabo Guan, found that small- and medium-sized developing countries are hit hardest, facing dramatic health and labor productivity losses. Discover how supply chain disruptions may threaten economies like China and the USA in this essential research!

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Playback language: English
Abstract
This study investigates the socioeconomic impacts of mid-century heat stress, integrating climate, epidemiological, and economic models. It finds that global annual GDP loss increases exponentially, reaching 0.6-4.6% by 2060, attributed to health loss (37-45%), labor productivity loss (18-37%), and indirect losses from supply chain disruptions (12-43%). Small- and medium-sized developing countries are disproportionately affected, with significant health and labor losses. Supply chain disruptions heavily impact manufacturing-heavy countries like China and the USA. The study emphasizes the previously under-analyzed indirect losses amplified by global trade.
Publisher
Nature
Published On
Mar 28, 2024
Authors
Yida Sun, Shupeng Zhu, Daoping Wang, Jianping Duan, Hui Lu, Hao Yin, Chang Tan, Lingrui Zhang, Mengzhen Zhao, Wenjia Cai, Yong Wang, Yixin Hu, Shu Tao, Dabo Guan
Tags
heat stress
socioeconomic impact
GDP loss
health loss
labor productivity
supply chain disruptions
developing countries
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