World economy may lose $2 trillion in a year due to global warming
Finance
- 20 July, 2016
- 08:20
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 20 July. REPORT.AZ/ Rising temperatures caused by climate change may cost the world economy over $2trillion in lost productivity by 2030 as hot weather makes it unbearable to work in some parts of the world, Report informs citing the Independent.
It showed that just in Southeast Asia, up to 20 percent of annual work hours may already be lost in jobs with exposure to extreme heat - with the figures set to double by 2050, as the effects of climate change deepen.
Across the globe, 43 countries will see a fall in their gross domestic product (GDP) due to reduced productivity, the majority of them in Asia including Indonesia, Malaysia, China, India and Bangladesh.
Latest News
12:09
AzFina: Development of digital financial ecosystem entails new risks
Finance
11:59
Turkic states plan to establish common payment systems
Finance
11:56
President Ilham Aliyev: Political ties with Laos have been developing successfully for many years
Foreign policy
11:53
Presidents of Azerbaijan and Laos deliver press statements
Foreign policy
11:51
President Ilham Aliyev: I am confident that bilateral cooperation with Laos will further deepen
Foreign policy
11:50
Azerbaijani fintech companies to test products in Turkic states
Finance
11:43
Azerbaijani parliament ratifies memorandum with UN Climate Secretariat
Milli Majlis
11:42
Azerbaijan's CBA developing data and AI governance framework
Finance
11:40
Azerbaijan and Laos adopt Joint Statement and exchange documents
Foreign policy