Researchers estimate that heatwaves have shaved an average 0.5 percent off Europe’s annual GDP in the past 10 years.
In 2022, the losses could be even greater.
To list just a few of the factors: Much of western Europe is sweltering under record-breaking temperatures; wildfires are sweeping across Italy, Greece, France and Spain, destroying crops; and energy prices are up because of the war in Ukraine.
According to the Global Commission on Adaptation, an estimated investment of $800m in climate programmes can save poor nations up to $16bn every year.
Plus, is the demand for aircraft rising?