Zürcher Nachrichten - Deadly heatwaves threaten economies too

EUR -
AED 4.286951
AFN 77.041935
ALL 92.239359
AMD 424.151071
ANG 2.089232
AOA 1071.591028
ARS 1764.688182
AUD 1.629502
AWG 2.09824
AZN 1.985645
BAM 1.955574
BBD 2.348629
BDT 143.493447
BGN 1.980186
BHD 0.439649
BIF 3481.398391
BMD 1.16731
BND 1.481629
BOB 13.427451
BRL 6.009199
BSD 1.166065
BTN 111.209171
BWP 15.613199
BYN 3.517994
BYR 22879.282683
BZD 2.345329
CAD 1.615517
CDF 2659.721351
CHF 0.936136
CLF 0.027087
CLP 1066.069918
CNY 7.844734
CNH 7.841255
COP 3613.922777
CRC 529.038971
CUC 1.16731
CUP 30.933724
CVE 110.252281
CZK 24.070814
DJF 207.656045
DKK 7.475415
DOP 68.292122
DZD 155.261725
EGP 58.801741
ERN 17.509655
ETB 188.214888
FJD 2.559386
FKP 0.856451
GBP 0.855423
GEL 3.040819
GGP 0.856451
GHS 13.0025
GIP 0.856451
GMD 85.798605
GNF 10245.818059
GTQ 8.896974
GYD 243.971856
HKD 9.150015
HNL 31.277392
HRK 7.53417
HTG 152.552402
HUF 360.976737
IDR 20657.891104
ILS 3.47754
IMP 0.856451
INR 110.882928
IQD 1527.623776
IRR 1604584.79479
ISK 141.209394
JEP 0.856451
JMD 185.07865
JOD 0.827648
JPY 185.884848
KES 151.084766
KGS 102.081325
KHR 4719.455571
KMF 493.77205
KPW 1050.57965
KRW 1615.364885
KWD 0.360197
KYD 0.971788
KZT 533.948405
LAK 26172.980727
LBP 104425.653624
LKR 383.015816
LRD 211.645585
LSL 18.652448
LTL 3.446764
LVL 0.706094
LYD 7.383148
MAD 10.775357
MDL 20.150675
MGA 4990.424313
MKD 61.521856
MMK 2451.084129
MNT 4198.275285
MOP 9.414714
MRU 46.757606
MUR 54.595383
MVR 18.046666
MWK 2022.066738
MXN 19.782981
MYR 4.716053
MZN 74.596975
NAD 18.652448
NGN 1571.911262
NIO 42.915049
NOK 10.880832
NPR 177.934474
NZD 1.954066
OMR 0.448831
PAB 1.166165
PEN 3.913649
PGK 5.170404
PHP 71.920912
PKR 323.50958
PLN 4.303482
PYG 6990.193622
QAR 4.25091
RON 5.256752
RSD 117.296015
RUB 97.645083
RWF 1718.90171
SAR 4.382697
SBD 9.3611
SCR 16.062454
SDG 702.137104
SEK 11.038898
SGD 1.48162
SHP 0.864821
SLE 28.773862
SLL 24477.913292
SOS 666.423122
SRD 44.26676
STD 24160.967267
STN 24.497174
SVC 10.203823
SYP 15177.368943
SZL 18.650848
THB 38.182828
TJS 10.75156
TMT 4.097259
TND 3.397908
TOP 2.810603
TRY 56.169457
TTD 7.922086
TWD 37.186773
TZS 3093.370102
UAH 52.10009
UGX 4349.498249
USD 1.16731
UYU 46.874593
UZS 13733.415735
VES 914.800628
VND 30480.807623
VUV 138.094437
WST 3.170349
XAF 655.881339
XAG 0.016967
XAU 0.000251
XCD 3.154715
XCG 2.101658
XDR 0.825349
XOF 655.881339
XPF 119.331742
YER 276.774218
ZAR 18.59676
ZMK 10507.191229
ZMW 22.208438
ZWL 375.873454
  • RBGPF

    1.3300

    69.89

    +1.9%

  • CMSC

    0.1120

    21.34

    +0.52%

  • RYCEF

    0.5500

    20.8

    +2.64%

  • NGG

    0.7500

    81.17

    +0.92%

  • BCC

    -1.2000

    81.04

    -1.48%

  • AZN

    2.9500

    169.66

    +1.74%

  • CMSD

    0.2000

    21.26

    +0.94%

  • GSK

    0.2900

    52.07

    +0.56%

  • BCE

    -0.2600

    23.59

    -1.1%

  • RELX

    -0.5100

    35.88

    -1.42%

  • RIO

    2.0100

    106.81

    +1.88%

  • JRI

    0.1100

    12.48

    +0.88%

  • VOD

    0.1500

    16.13

    +0.93%

  • BP

    -0.8800

    42.86

    -2.05%

  • BTI

    -0.2400

    56.47

    -0.43%

Deadly heatwaves threaten economies too
Deadly heatwaves threaten economies too / Photo: Piero CRUCIATTI - AFP

Deadly heatwaves threaten economies too

More frequent and intense heatwaves are the most deadly form of extreme weather made worse by global warming, with death tolls sometimes in the thousands, but they can also have devastating economic impacts too, experts say.

Text size:

The prolonged and unseasonable scorchers gripping the central United States and rolling northward across western Europe, sending the thermometer above 40 degrees Celsius (104 degrees Fahrenheit), are likely to cause both.

Deadly and costly

Very high temperatures caused nearly 10 percent of the two million deaths attributed to extreme weather events from 1970 to 2019, according to the World Meteorological Organization.

Virtually all that heat-related mortality, moreover, has been since 2000, especially the last decade: from 2010 to 2019 scorching heat was responsible for half of 185,000 extreme weather deaths registered.

In Europe, heatwaves accounted for about 90 percent of weather-related mortality between 1980 and 2022, the European Environment Agency (EEA) has reported.

Heatwaves rack up economic costs as well, but they are harder to quantify than damage from a storm or flood, and more difficult to insure.

But extended bouts of great heat can result in more hospital visits, a sharp loss of productivity in construction and agriculture, reduced agricultural yields, and even direct damage to infrastructure. Excess mortality has an economic cost too.

The EAA estimates that heatwaves in 32 European countries between 1980 and 2000 cost 27 to 70 billion euros. The damages over the last 20 years -- which included the deadly heatwave of 2003, with 30,000 excess deaths -- would almost certainly be higher.

Premature death

The national public health agency in France, which will be blanketed by extreme conditions over the coming days, has called heatwaves "a mostly invisible and underestimated social burden."

In France alone, heatwaves from 2015 to 2020 cost 22 to 37 billion euros due to health expenses, loss of well-being and especially "intangible costs stemming from premature deaths".

Reduced productivity

The heatwaves of 2003, 2010, 2015 and 2018 in Europe caused damages totalling 0.3 to 0.5 percent of GDP across the continent, and up to two percent of GDP in southern regions, according to a peer-reviewed study in Nature.

This level of impact could be multiplied by five by 2060 compared to a 1981-2010 baseline without a sharp reduction in greenhouse gas emissions and measures to adapt to high temperatures, the study warned.

At sustained temperatures of around 33C or 34C, the average worker "loses 50 percent of his or her work capacity", according to the International Labor Organization (ILO).

The ICO estimates by 2030 heatwaves could reduce the total number of hours worked globally by more than two percent -- equivalent to 80 million fulltime jobs -- at a cost of 2.4 trillion dollars, nearly 10 times the figure for 1995.

"Climate change-related heat stress will reduce outdoor physical work capacity on a global scale," The UN's Intergovernmental Panel on Climate Change (IPCC) said in its most recent synthesis report, noting that in some tropical regions outdoor work may become impossible by the end of the century for 200 to 250 days each year.

Drought and agriculture

Both heatwaves and drought are a major threat to agriculture, and thus food security.

Long-term drought is agriculture's worst enemy when it comes to extreme weather, but heatwaves can provoke major damage as well.

In 2019, a heatwave caused a nine percent drop in drop in maize yields across France, and a 10 percent decline in wheat, according to the French agricultural ministry.

A 2012 scorcher in the United States led to a 13 percent drop in maize production, and a sharp jump in global prices.

Heatwaves also have a negative impact on livestock production and on milk production, according to the IPCC.

O.Pereira--NZN