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Europe’s extreme heat could cut EU GDP by 1% in 2026
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AzerNews - News from Azerbaijan, Business, Energy, Analysis
Triodos Bank published a study titled "Hot Summer Economics", examining the economic impact of extreme heat across Europe.
The research found that the largest economic impact of extreme heat stems from declining labour productivity.
Extreme heat can also affect office workers’ performance and sleep quality and contribute to increased absenteeism during hot days.
Agricultural production across the EU is also expected to decline by between 3% and 7% due to extreme heat and drought.
France is projected to be the country most severely affected by extreme heat.