An increase in heat stress resulting from global warming is projected to cost the world $1.5 trillion by 2030 as it becomes too hot to work.
A new report from ILO (International Labour Organisation) in 2019 "Working on a warmer planet: the effect of heat stress on productivity & decent work" projects that with a global temperature rise of 1.5°C, 2.2% of total working hours worldwide could be lost by 2030, a loss equivalent to 80 million full time jobs.
The ILO estimates these losses to be around $2.4 trillion.
The impact will be unequally distributed around the world. The regions losing the most working hours are expected to be southern Asia and western Africa, where approximately 5 per cent of working hours are expected to be lost in 2030, corresponding to around 43 million and 9 million jobs, respectively
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