Extreme heat could cost Cyprus economy €3.8 billion by 2050, study finds

Extreme heat could cost the Cyprus economy up to €3.8 billion in cumulative losses by 2050, according to the Cyprus Institute.

The institute says the frequency and intensity of extreme heat events are increasing in Cyprus, as elsewhere in the world, raising health risks and productivity losses for workers both outdoors and indoors. It points to a separate estimate from the London School of Economics’ Grantham Research Institute, that last June’s heatwave in the UK alone caused economic losses...