The China Mail - Heat waves cost poor countries the most, exacerbating inequality

USD -
AED 3.672498
AFN 62.503014
ALL 82.819398
AMD 376.075163
ANG 1.790083
AOA 917.000083
ARS 1397.104298
AUD 1.434103
AWG 1.8
AZN 1.695795
BAM 1.688145
BBD 2.009072
BDT 122.394372
BGN 1.709309
BHD 0.377536
BIF 2958.624827
BMD 1
BND 1.276256
BOB 6.893129
BRL 5.23296
BSD 0.997544
BTN 93.230733
BWP 13.63089
BYN 2.970277
BYR 19600
BZD 2.006223
CAD 1.375225
CDF 2272.999864
CHF 0.787971
CLF 0.023051
CLP 910.169971
CNY 6.8805
CNH 6.89181
COP 3712.87
CRC 465.238726
CUC 1
CUP 26.5
CVE 95.175414
CZK 21.117034
DJF 177.636605
DKK 6.447735
DOP 59.194938
DZD 132.329967
EGP 52.302236
ERN 15
ETB 155.750187
EUR 0.86298
FJD 2.22275
FKP 0.74705
GBP 0.745665
GEL 2.714961
GGP 0.74705
GHS 10.912826
GIP 0.74705
GMD 72.999811
GNF 8743.725967
GTQ 7.640618
GYD 208.6928
HKD 7.83551
HNL 26.402945
HRK 6.496201
HTG 130.655262
HUF 335.296501
IDR 16922
ILS 3.11995
IMP 0.74705
INR 93.86065
IQD 1306.805921
IRR 1315049.999896
ISK 123.930343
JEP 0.74705
JMD 157.11949
JOD 0.708991
JPY 158.597975
KES 129.583424
KGS 87.450266
KHR 3997.255178
KMF 425.000089
KPW 899.971148
KRW 1494.415007
KWD 0.30642
KYD 0.831294
KZT 480.792301
LAK 21441.54953
LBP 89332.395375
LKR 313.246356
LRD 182.547937
LSL 16.914492
LTL 2.95274
LVL 0.60489
LYD 6.385596
MAD 9.32385
MDL 17.446884
MGA 4151.759319
MKD 53.207604
MMK 2099.628947
MNT 3568.971376
MOP 8.048336
MRU 39.820637
MUR 46.499323
MVR 15.45059
MWK 1729.410597
MXN 17.8362
MYR 3.948502
MZN 63.910317
NAD 16.912959
NGN 1369.549658
NIO 36.709839
NOK 9.78625
NPR 149.169001
NZD 1.71422
OMR 0.384493
PAB 0.997544
PEN 3.4702
PGK 4.307127
PHP 59.872033
PKR 278.458498
PLN 3.67805
PYG 6518.521076
QAR 3.647765
RON 4.397198
RSD 101.31201
RUB 81.929604
RWF 1458.380986
SAR 3.754415
SBD 8.051718
SCR 14.529549
SDG 601.000249
SEK 9.36705
SGD 1.278398
SHP 0.750259
SLE 24.550338
SLL 20969.510825
SOS 570.111649
SRD 37.336498
STD 20697.981008
STN 21.147215
SVC 8.728114
SYP 110.977546
SZL 16.908277
THB 32.650232
TJS 9.531352
TMT 3.5
TND 2.939722
TOP 2.40776
TRY 44.343971
TTD 6.771674
TWD 31.973498
TZS 2590.000006
UAH 43.799335
UGX 3765.930542
UYU 40.64581
UZS 12161.753917
VES 456.504355
VND 26349
VUV 119.458227
WST 2.748874
XAF 566.190351
XAG 0.014644
XAU 0.000229
XCD 2.70255
XCG 1.797757
XDR 0.704159
XOF 566.190351
XPF 102.939019
YER 238.64997
ZAR 16.91255
ZMK 9001.192847
ZMW 19.326828
ZWL 321.999592
  • CMSD

    0.0816

    22.74

    +0.36%

  • BCE

    -0.0300

    25.76

    -0.12%

  • NGG

    0.0700

    82.06

    +0.09%

  • CMSC

    0.2300

    22.88

    +1.01%

  • AZN

    0.4700

    184.07

    +0.26%

  • GSK

    0.1500

    51.99

    +0.29%

  • RBGPF

    -13.5000

    69

    -19.57%

  • BTI

    0.5500

    57.92

    +0.95%

  • BCC

    3.5800

    71.88

    +4.98%

  • RIO

    2.6900

    85.84

    +3.13%

  • BP

    -1.2100

    43.57

    -2.78%

  • JRI

    -0.0900

    11.68

    -0.77%

  • RYCEF

    0.6300

    15.97

    +3.94%

  • VOD

    0.1500

    14.48

    +1.04%

  • RELX

    0.4500

    33.81

    +1.33%

Heat waves cost poor countries the most, exacerbating inequality
Heat waves cost poor countries the most, exacerbating inequality / Photo: © AFP/File

Heat waves cost poor countries the most, exacerbating inequality

Heat waves, intensified by climate change, have cost the global economy trillions of dollars in the last 30 years, a study published Friday found, with poor countries paying the steepest price.

Text size:

And those lopsided economic effects contribute to widening inequalities around the world, according to the research.

"The cost of extreme heat from climate change so far has been disproportionately borne by the countries and regions least culpable for global warming," Dartmouth College professor Justin Mankin, one of the authors of the study published in the journal Science Advances, told AFP. "And that's an insane tragedy."

"Climate change is playing out on a landscape of economic inequality, and it is acting to amplify that inequality," he said.

Periods of extreme heat cost the global economy about $16 trillion dollars between 1992 and 2013, the study calculated.

But while the richest countries have lost about 1.5 percent of their annual per capita GDPs dealing with heat waves, poorer countries have lost about 6.7 percent of their annual per capita GDPs.

The reason for that disparity is simple: poor countries are often situated closer to the tropics, where temperatures are warmer anyway. During heat waves, they become even hotter.

The study comes just days ahead of the start of the COP27 climate summit in Egypt, where the question of compensation for countries which are disproportionately vulnerable to but least responsible for climate change is expected to be one of the key topics.

The costs of heat waves come from several factors: effects on agriculture, strains on health systems, less productive workforces and physical damage to infrastructure, such as melting roads.

- 'Cost of inaction' -

Study researchers examined five days of weather considered extreme for a specific region each year.

"The general idea is to use variation in extreme heat, which is effectively randomly assigned to all these economic regions, and see the extent to which that accounts for variation in economic growth" in a given region, Mankin explained.

"Then the second part is to say, 'ok, how has human-caused warming influenced extreme heat?'" he added.

Despite these calculations, the study results almost certainly underestimate the true cost of extreme heat, according to the paper -- only studying five days per year does not reflect the increased frequency of such heat events, and not all potential costs were included.

Previous studies on the subject had focused on the costs of heat to specific sectors, though scientists say it is important to look at the price tag of climate change wholistically.

"You want to know what those costs are, so that you have a frame of reference against which to compare the cost of action," Mankin said, such as establishing cooling centers or installing air conditioners, versus "the cost of inaction."

"The dividends economically of responding to the five hottest days of the year could be quite great," he said.

But according to Mankin, the most important response is to reduce carbon emissions to slow down global warming at the source.

"We need to adapt to the climate we have now, and we also need to deeply invest in mitigation," he said.

D.Wang--ThChM