Singapore’s Economy Could Lose Over $1.5 Billion Due to Heat Strain

In Singapore, the rapid warming rate is causing extreme heat levels that pose risks not only to individual health but also to the economy. A recent study by the National University of Singapore revealed that there has been a decline in labor productivity across various economic sectors in the country due to heat stress.

In 2018, heat strain led to an 11.3% decrease in average productivity in sectors like services, construction, manufacturing, and agriculture. This trend is projected to worsen over time, with a predicted 14% fall in productivity by 2035. Workers who are exposed to adverse environmental conditions such as working under the sun or with heat-generating machinery will face even higher economic losses.

For every hot day, workers could experience a median income loss of S$21 per worker due to reduced productivity during working hours. Project HeatSafe is the first large-scale study in Singapore and the region to analyze the impact of rising heat levels on both individual health and macroeconomic productivity.

Singapore’s rapid warming rate, which is twice that of the global average, has caused extreme heat levels in the country. The UV index has reached “extreme” levels twice within four days, prompting concerns about the impact of such intense heat on residents. This level of heat exposure not only affects cognitive and physical abilities but also poses risks to the fertility rate, which is already at historic lows in Singapore.

On a global scale, scientists have warned that the world has surpassed a critical warming threshold, moving the planet into an era of extreme heat. The recent findings emphasize the urgent need to address the impact of rising temperatures on the economy and the overall well-being of the population, both in Singapore and around the world.

As Singapore experiences economic losses due to heat stress and other climate change impacts, it highlights how important it is for governments and businesses worldwide to take action now to mitigate these effects and ensure a sustainable future for all people.

By Sophia Gonzalez

As a content writer at newsgreg.com, I am dedicated to crafting engaging stories that captivate our readers. With a knack for turning complex topics into accessible and compelling narratives, I weave words together to inform and inspire. My passion lies in delivering accurate and thought-provoking content that keeps our audience informed and entertained. From breaking news stories to in-depth features, I strive to bring a fresh perspective to every piece I create. Join me on this journey of exploration and discovery through the power of words at newsgreg.com.

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