Heat Waves, Droughts Cause Billions of Dollars in Global Economic Losses

Severe weather costs the global economy billions of dollars a year, highlighting the costs of climate change and the value of mitigating extreme weather, according to an analysis of weather and economic data. Berkay Akyapi, a professor in the UF Warrington College of Business, collaborated with other researchers to perform the analysis, which included billions of weather observations across hundreds of countries over a 40-year stretch.

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