• Wed. Apr 17th, 2024

The Rising Heat Toll: How Climate Change is Impacting Singapore’s Economy and Health

BySamantha Jones

Apr 3, 2024
Singapore’s Economy Could Lose Over $1.5 Billion Due to Heat Strain

In recent years, heat stress has been taking a toll on Singapore’s economy, with losses projected to nearly double to $1.64 billion by 2035 compared to pre-pandemic levels in 2018. A study conducted by the National University of Singapore revealed that there has been a decline in labor productivity across various economic sectors in the country.

In 2018, heat strain led to an 11.3% decrease in average productivity in sectors such as services, construction, manufacturing, and agriculture. This trend is expected 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.

The study estimates that 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 fertility rates, which are 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 overall well-being of populations worldwide.

In conclusion, it is clear that climate change is having significant repercussions on Singapore’s economy and population health. It is imperative that policymakers take action to mitigate these effects and ensure that Singapore remains resilient against future challenges brought upon by climate change.

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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