The economic impact of the summer heat wave that is scorching the Northern Hemisphere may be short-lived in most spots, with the temporary closure of tourist sites, the abandonment of outdoor dining and a rise in electricity use related to air-conditioning.
But in the longer term, the economic fallout caused by climate change could be profound.
Devastating fires, floods and droughts tend to dominate the headlines, and other effects may generate less attention but nonetheless take a toll.
Extreme temperatures also reduce labor productivity, damage crops, raise mortality rates, disrupt global trade and dampen investment
