Tag: Heat waves
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Heatwaves caused lower productivity and higher food prices: European Central Bank
In a recently published paper authored by the ECB’s senior lead economist, ECB research shows that productivity decreases by around 1.5% during a heatwave while food prices in Europe increased by 0.7% during the Summer heatwave of 2022. The ECB has raised concerns that ongoing climate changes in Europe that are raising the extremities of…