Climate Health Risks: A Trillion-Dollar Threat to Global Productivity

Climate-related health risks loom as a significant threat to the global economy, potentially causing at least USD 1.5 trillion in lost productivity over the next 25 years, according to a recent study. The report, developed by the World Economic Forum in conjunction with Boston Consulting Group, highlights the profound impact of climate-driven health challenges on sectors such as food and agriculture, the built environment, health and healthcare, and insurance.

The study underscores the urgency for businesses to proactively address workforce health and resilience, warning of escalating costs associated with climate adaptation. "We are entering an era in which protecting worker health is proving essential to business continuity and long-term resilience," expressed Eric White, Head of Climate Resilience at the World Economic Forum.

With each year's delay in embedding resilience measures, the risks to human health and productivity grow, compounded by rising climate-driven diseases and extreme weather. The findings, positioned ahead of the World Economic Forum's Sustainable Development Impact Meetings 2025, advocate for a global shift towards health resilience, supported by comprehensive policies and innovative financing strategies.

(With inputs from agencies.)