December 10, 2017

Why business has to pay attention to climate change

Mother Jones- One extra day of temperatures above 90 degrees Fahrenheit costs the average Chinese manufacturing plant roughly $10,000 in 2017 dollars in lost output, according to research released last month. The study, published in the peer-reviewed Journal of Environmental Economics and Management, tracked temperatures and daily churn at half a million Chinese plants from 1998 to 2007.

In 2050, those losses are on pace to balloon to more than $47.2 billion in 2017 dollars as the world’s biggest manufacturing country loses 12 percent of its factory output each year. That equates to about 4 percent of annual gross domestic product in a country where 32 percent of GDP comes from manufacturing.

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