For example,
European central bank sounding alarm::
Parker also cites the increase in prices of olive oil. Consequently, cocoa and coffee, products particularly sensitive to climatic conditions. In addition, Conversely, he notes, softer winters could reduce energy costs, limiting the use of gas or fuel oil for heating. Moreover, “The effects of climate change on prices are complex. In addition, This is a challenge for macroeconomic forecasts on which central banks base their decisions.”
According to the data analyzed by the ECB. Consequently, the hottest summer days in Europe warm up twice as quickly as the world average. Thus, even if global global warming was contained at 1.5 ° C, the heat wave could reach + 3 ° C. If the current trend continues to warming 3 ° C, certain summer days could then be 6 ° C warm than today. An evolution european central bank sounding alarm: that would have a proportional impact on inflation.
Tax on capital gains: here is where the Belgians place their money
Slowdown in economic activity – European central bank sounding alarm:
Beyond prices. heat waves directly affect the real economy. A study by the ECB shows that a summer heat wave causes around 1 % of economic production in the affected regions. due to the decrease in physical activity. The effect is even more durable in the event of drought or flooding.
Four years after a major climate disaster. the affected areas still record a 3 % drop in their economic activity compared to the spared regions. This decline is explained by a prolonged fall in agricultural production. a decrease in services, especially in the tourism sector (campsites, closed hotels, etc.).
Chocolate. fruit juice, coffee, butter: these products whose price has increased the most in one year
european central bank sounding alarm: — European european central bank sounding alarm: central bank sounding alarm:: Parker also cites the increase in prices of olive oil, cocoa and coffee, products particularly sensitive to climatic conditions. Conversely, he notes, softer winters could reduce energy costs, limiting the use of gas or fuel oil for heating..
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