How can extreme heatwaves impact the economy?
Explore the economic implications of extreme heatwaves.
- Reduced agricultural output: Extreme heatwaves can lead to crop failures and reduced agricultural productivity, resulting in higher food prices and potential food shortages.
- Increased energy costs: Higher demand for electricity to power air conditioners and cooling systems during heatwaves can drive up energy prices, impacting both consumers and businesses.
- Healthcare costs: Heatwaves can lead to more heat-related illnesses, increasing healthcare costs and putting pressure on healthcare systems.
- Impact on tourism: Extreme heatwaves can deter tourists from visiting certain destinations, leading to revenue losses in the tourism sector.
- Infrastructure damage: Heatwaves can damage infrastructure such as roads, railways, and buildings, leading to repair and maintenance costs for the government and businesses.
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2 weeks ago