Investing in Health: Climate Change Could Amplify Risks and Cost Over $1.5 Trillion in Productivity Loss by 2050, According to New Report

Geneva, September 18 (IANS): Rising global temperatures are set to create significant health risks and could lead to a staggering loss of over $1.5 trillion in productivity, according to a recent report by the World Economic Forum.

This loss primarily affects critical sectors like food and agriculture, healthcare, and the built environment. With COP30 approaching in Belém, Brazil, the urgency of these findings is clear.

Eric White, Head of Climate Resilience at the World Economic Forum, emphasized, “Protecting worker health is becoming essential for business continuity.” He warns that delaying action on climate resilience only increases risks to human health and drives up adaptation costs.

The report outlines specific vulnerabilities. For example, the food and agriculture sector could face $740 billion in losses, threatening global food security. Similarly, the built environment may see productivity losses of $570 billion, while healthcare could lose around $200 billion due to rising illnesses linked to climate change.

These health threats are not just a future concern. Recent data suggests that heat-related illnesses have already increased, affecting workforce efficiency and raising insurance claims significantly. In fact, experts predict a notable rise in climate-related health claims, underscoring the urgent need for companies to act.

The report, developed with the Boston Consulting Group, urges businesses to invest in health and resilience now. Adapting to these challenges can lead to new opportunities, such as innovative, climate-resilient crops, heat-stable medications, and robust insurance models that protect communities.

As companies begin to prioritize climate health, the potential for growth and innovation expands. The focus on worker well-being and environmental responsibility now intertwines with the future of business success.

For more detailed insights on this topic, you can access the full report [here](https://www.weforum.org). Understanding the intersections of climate change and health can help guide effective strategies for sustainable growth.

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