The Rising Economic and Environmental Toll of Heatwaves: Challenges and Solutions
Heatwaves have a profound economic impact globally, with estimated annual losses potentially reaching $2.4 trillion by 2050 due to reduced labour productivity and increased healthcare costs. Agriculture suffers significantly, with crop yields expected to decline by up to 10%, exacerbating food insecurity and driving up prices. Additionally, the surge in energy demand for cooling strains infrastructure and boosts costs, highlighting the urgent need for climate resilience and adaptation measures.