Skip to main content

New top story from Time: Rising Heat Is Making It Harder to Work in the U.S., and the Costs to the Economy Will Soar With Climate Change

https://ift.tt/3gJcfzh

Rising extreme heat will make it increasingly hard for workers to do their jobs, shaving hundreds of billions of dollars off the U.S. economy each year. That’s according to a report published Tuesday by the Atlantic Council’s Adrienne Arsht-Rockefeller Foundation Resilience Center, a Washington D.C.-based think tank focused on climate adaptation. It’s a stark warning about the costs of failing to act on climate change.

Productivity losses due to heat currently cost the U.S. an estimated $100 billion a year, the report claims. As days of extreme heat become more frequent in the years ahead, that figure is projected to double to $200 billion by 2030—around 0.5% of GDP. By 2050, annual losses are projected to hit $500 billion, around 1% of GDP. These national losses are expected to come primarily from the southeast and midwest. But the effects will be felt across most of the country, with annual losses of at least 0.5% of economic activity projected for 62% of U.S. counties.
[time-brightcove not-tgx=”true”]

This summer, it’s been hard to ignore that the U.S. is getting hotter. Since June, rolling heat waves have stifled nearly every region, weighing especially hard on western states, nearly all of which have recorded drought conditions. In the last week of August, 60 million people were under heat warnings across the country, with temperatures as high as 115°F in southwestern cities, and humidity making northeastern cities feel close to 100°F. Unusually high temperatures have not only been felt in the U.S.: according to scientists at the National Oceanic and Atmospheric Administration, July was the hottest month on Earth since records began, beating the previous high of July 2016 by 0.02°F.

As greenhouse gases in our atmosphere absorb more heat, the U.S. will experience more frequent and more widespread “high heat days”—defined as a day when the maximum temperature is above 90°F. Drawing on climate projections from the World Climate Research Program, downscaled to county-level, the report estimates that by 2050, up to 30% of the U.S. population will be exposed to more than 100 high heat days per year. That’s up from 5% under the prevailing climate conditions.

Though we may all feel the rising heat on warmer days, its long term consequences for the economy are still poorly understood, says Kathy Baughman McLeod, director of the Adrienne Arsht-Rockefeller Foundation Resilience Center. “It’s hard to isolate heat in economic data,” she says. “Where other climate hazards like hurricanes and floods have an impact on physical assets, heat’s impacts are mostly on the human body.”

On high heat days, studies show people are more likely to feel tired or sick at work, partly as a result of nighttime temperatures remaining too high to get a good night’s sleep. When people are tired, they take more breaks, work more slowly, make more mistakes and have a higher risk of getting injured.

To figure out how those factors affect the U.S. economy as a whole, researchers at consultancy Vivid Economics combined projections for the number of extreme heat days in counties across the U.S., a model on heat-related productivity loss, and government data on the predominance of outdoor work and access to air conditioning across industries. Researchers also included existing models for heat’s impact on ​four crops that are key to U.S. agriculture: corn, soy, wheat and cotton.

The result is only a partial view of heat’s impact on the economy. The analysis leaves out many other ways that heat may impact economic output across the country that were too difficult to measure reliably, including the impact that heat might have on leisure and tourism, the cost of wildfires, and the cost of mechanical failures for machines that stop working at high temperatures.

But even with the limited scope, the $100 billion in current annual heat-related productivity losses outweigh the estimated $60 billion cost of the record-breaking 2020 Atlantic hurricane season. And the annual losses projected in the near future are even worse.

The southeast and the midwest of the country will face the highest economic cost from extreme heat. Texas—the most-affected state due to its climate and relatively high levels of outdoor work— is currently losing an average of $30 billion a year, per the report, and is projected to lose some $110 billion a year by 2050, amounting to 2.5% of its total economic output.

Heat’s impact on work is not distributed equally among the U.S. population. Black and Hispanic workers tend to live in parts of the country that are more exposed to heat, and they face worse working conditions with less protection from heat; in 2020 they lost around 1.3% of their productivity due to heat, compared to a 1.1% loss for non-Hispanic white workers.

The industries most affected by extreme heat are construction and agriculture, where workers are most exposed. By 2050, construction is projected to lose 3.5% of its total annual economic activity to heat ($1.2 billion per year), while agriculture, where falling crop yields are also a factor, would lose 3.7% ($130.7 million per year).

But overall losses from heat are projected to be even bigger in the service sector, which dominates the U.S. economy. While those in office jobs are mostly protected from heat by air conditioning, workers in areas like food service or transportation can be exposed to dangerously high temperatures. The sector faces losses of $2.8 billion a year—0.7% of its economic activity—by 2050, per the report.

The study is part of a growing body of research that attempts to put a price tag on the risks the world’s economies face from climate change. The goal, Baughman McLeod says, is to show that doing nothing will cost more than taking action to cut emissions and adapt to climate change. In the case of heat, adaptation will include solutions like creating urban forests, improving early warning systems, and developing heat-resistant strains of crops. “These things require investment,” she says. “But protecting people first rather than paying for it later will, in the end, be the right decision for any business or government.”

Comments

Popular posts from this blog

FOX NEWS: Canine influenza outbreak: What dog owners need to know A canine influenza outbreak in Los Angeles is drawing up concern among pet owners on the West Coast.

Canine influenza outbreak: What dog owners need to know A canine influenza outbreak in Los Angeles is drawing up concern among pet owners on the West Coast. via FOX NEWS https://ift.tt/lTOH3qM

New top story from Time: McDonald’s Announces New Meal Collab with Rapper Saweetie, Building on Wildly Successful Musician Collabs

https://ift.tt/3BTUwhw Ten crispy chicken nuggets, medium fries and a Coke: a classic McDonald’s order. But add sides of cajun and sweet chili sauces and a collectible purple box and you’ve just placed an order for the BTS Meal, this summer’s collaboration between the seven-member Korean pop sensation and the fast food giant. It was a small addition, yet on a quarterly earnings call this week, McDonald’s partially credited a 25% sales increase in the U.S. to the collaboration. Launched in late May and officially concluded on June 20, the BTS Meal followed a history of big-ticket star collaborations between McDonald’s and buzzy parts of pop culture. And on July 29, McDonald’s announced the next celebrity to receive a meal treatment: 28-year-old Californian rapper Saweetie , whose song “Best Friend” with Doja Cat went platinum this year. Her meal: a Big Mac, 4-piece chicken nuggets, fries, Sprite and sides of bbq and “Saweetie-N-Sour” sauce. [time-brightcove not-tgx=”true...

New top story from Time: Bill Clinton and James Patterson on Their New Presidential Thriller, Political Tribalism and Advice for Trump

https://ift.tt/3bXnVfe Three years after writing a bestselling novel together , former President Bill Clinton and author James Patterson are back with their second: The President’s Daughter , published jointly by Knopf and Little, Brown and Company on June 7. The novel follows a former president and onetime Navy SEAL who must rescue his kidnapped daughter. Using Clinton’s intimate knowledge of the workings of the presidency and Patterson’s proven methods for plotting suspense, the two men have written a book that takes readers swiftly from political machinations in Washington to shocking violence in New Hampshire to terrorist hideouts in Libya. They’re betting that a page-turner presidential thriller is just the kind of book readers are craving right now: “I think they’re hungry for it,” says Clinton, who is himself a longtime fan of Patterson’s. Clinton and Patterson spoke to TIME by phone on May 20. (When he joined the call, Clinton said he had just finished talking with U...

India to play critical role in providing coronavirus vaccine to the world: Anthony Fauci https://ift.tt/2DOTRV5

Senior advisor to US President Donald Trump and top US infectious disease specialist, Anthony Fauci has claimed that India has a critical role to play in providing the world with an effective coronavirus vaccine. At a web conference organised by ICMR, Fauci stated that despite COVID-19 threat being grave, it was not essential now to conduct human challenge trials to expedite vaccine development.

Watch San Francisco’s Bike Network Bloom

Watch San Francisco’s Bike Network Bloom By Eillie Anzilotti From just a few stretches of scattered lanes in 2013, San Francisco’s protected bike network now stretches like a green web connecting more and more of the city. See how much has changed over the last eight years:   In just the blink of an eye, San Francisco has become one of the most bike-friendly cities in the U.S. To date, San Francisco has 464 miles of bikeways, including: 42 miles of protected bike lanes 78 miles of off-street paths and trails 21 miles of buffered bike lanes 139 miles of striped bike lanes As we’ve expanded the network of safer bicycle routes through San Francisco, more people are choosing to ride bicycles for recreation and transportation every year. Since 2006, travel by bicycle has grown by 184 percent citywide. Before the COVID-19 pandemic, bike counts hit an all-time high: in 2019, approximately 52,000 bicyclists were observed at 37 locations during peak periods, a 14 percent incre...

FOX NEWS: Nathan's hot dog eating contest returns July Fourth — outdoors and with a crowd America’s most delicious wiener war returns to Coney Island on the Fourth of July – outdoors, under the sun and open to the public.

Nathan's hot dog eating contest returns July Fourth — outdoors and with a crowd America’s most delicious wiener war returns to Coney Island on the Fourth of July – outdoors, under the sun and open to the public. via FOX NEWS https://ift.tt/3p35tr1

New top story from Time: Germany Has Officially Recognized Colonial-Era Atrocities in Namibia. But For Some, Reconciliation Is a Long Way Off

https://ift.tt/3fVRkaO The German government formally recognized colonial-era atrocities against the Herero and Nama people in modern-day Namibia for the first time, referring to the early 20th century massacres as “genocide” on Friday and pledging to pay a “ gesture to recognize the immense suffering inflicted.” “In light of the historical and moral responsibility of Germany, we will ask Namibia and the descendants of the victims for forgiveness,” said German Foreign Minister Heiko Maas in a statement , adding that the German government will fund projects related to “reconstruction and the development” of Namibia amounting to €1.1 billion ($1.3 billion). The sum will be paid out over 30 years and must primarily benefit the descendants of the Herero and Nama, Agence France-Presse reported . [time-brightcove not-tgx=”true”] Although it’s a significant step for a once colonial power to agree such a deal with a former colony, there’s skepticism among some experts and ob...

Farmers' Protest: Situation normal at Ghazipur border, 'excess force' removed after midnight https://ift.tt/39qemEK

Hundreds of Bharatiya Kisan Union members stayed put on the Delhi-Meerut Expressway early on Friday, notwithstanding the Ghaziabad administration’s ultimatum to vacate the UP Gate protest site. A confrontation was building up at the UP Gate in Ghazipur even as frequent power cuts were witnessed in the evening at the protest site, where BKU members, led by Rakesh Tikait, are staying put since November 28.

FOX NEWS: College student sheds 100 pounds after years of dedication: 'The greatest accomplishment' Lori Odegaard, 24, from Fargo, North Dakota, tells Fox News about her incredible weight loss journey.

College student sheds 100 pounds after years of dedication: 'The greatest accomplishment' Lori Odegaard, 24, from Fargo, North Dakota, tells Fox News about her incredible weight loss journey. via FOX NEWS https://ift.tt/4Ccj9TY

New top story from Time: The 5 Best New Shows Our TV Critic Watched in March 2021

https://ift.tt/3sHZ3ia If my memories of 2019 are correct, March tends to be a month of anticipation even in relatively normal times. The snow has melted, but the trees are still bare. The temperature’s rising, but not consistently enough to put your winter coat in storage. All of that nervous early-spring energy is heightened this year, as we wait our turns in the vaccination queue and cross our fingers that the variants won’t halt our progress toward herd immunity. My favorite new TV shows of the month—a detective story set in Northern Ireland, a pulpy Spanish thriller, a mouthwatering kids’ show, a docudrama filled with ecstatic musical numbers and a nostalgic blast from reality TV’s primordial past—probably say a lot about how I’m dealing with that impatience: through the pursuit of big, bright, unapologetically entertaining distractions. Maybe you’d like to do the same? Bloodlands (Acorn TV) Although they officially ended in 1998, the decades of political conf...