Future Proofing the Longevity Economy 2025

Page 29 of 57 · WEF_Future_Proofing_the_Longevity_Economy_2025.pdf

Climate change is reshaping economies, communities and public health systems worldwide, presenting significant challenges and considerations for the longevity economy. As extreme weather events become more frequent and environmental changes disrupt financial security, career stability and public health, individuals and institutions must navigate new uncertainties that affect their long-term well-being. A longevity economy that accounts for climate risks will require a deeper understanding of how these disruptions affect financial resilience, workforce participation and intergenerational stability. Financial resilience in a changing climate Rising global temperatures, natural disasters and resource scarcity are altering economic conditions, retirement security and individual financial stability. People face increasing risks related to housing markets, insurance costs and disruptions to employment and earnings. Climate-driven economic shocks may have long-term implications for pensions, social protections and access to financial resources, affecting both individuals and broader economic systems. Research from the World Economic Forum projects that by 2050, climate change could cause $12.5 trillion in global economic losses,57 compounding financial uncertainty for households and businesses. Health and well-being in extreme heat Extreme heat and environmental changes are increasingly recognized as significant public health concerns. The World Health Organization projects that between 2030 and 2050, climate change will cause approximately 489,000 additional deaths per year from heat-related illnesses, occupational hazards and extreme weather events.58 As individuals live longer and remain engaged in their communities and careers, climate-related health risks may shape labour conditions and access to care. Prolonged exposure to extreme heat can particularly affect older adults, outdoor workers and those with pre-existing conditions, raising questions about how urban planning, public health systems and employer policies will adapt to changing environmental conditions.59 The changing nature of work and careers Climate change is influencing labour markets, with some industries experiencing new challenges and emerging opportunities. Extreme weather events, shifting ecosystems and environmental regulations are reshaping employment FEATURE: Extreme heat, climate change and the longevity economy Future-Proofing the Longevity Economy: Innovations and Key Trends 2929
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