…hotter-than-average years produce lower output per person in hotter-than-average countries, and higher output in colder-than-average countries, to the tune of 3% to 4% of GDP in both directions.
While they're hesitant to connect this directly with climate change, as it's an ongoing process, they note that this two-sided effect could have "serious political, economic, and philosophical consequences."
There's both the productivity drop off from extreme temperatures, and the fact that existing inequality between warmer (generally poorer) and colder (generally richer) countries could be increased.
Click the link to see more: Climate Change And Productivity - Business Insider
Points:
- “Some of the negative effect likely comes from extreme weather events, decreased agricultural yield, rising sea level, and possible related disruption and violence.”
- “…higher temperatures make people perform worse on tasks and score lower on tests.”
- “Warmer countries tend to have lower productivity and GDP in general, which has been backed by years of research and data.”
