FIGURE 7: Heat stress means fewer jobs and increased GDP loss Job and GDP losses due to heat stress in 1995 and projections for 2030 Global equivalent full-time jobs loss (in 100,000) 1995 2030 1995 2030Global GDP loss ($ billion, PPP)350 800 280 2,400 SOURCE: John, M. (2023, September 7). Climate change adds workplace costs and hazards. Reuters. https://www.reuters.com/business/environment/ climate-change-adds-workplace-costs-hazards-2023-09-07/ in the agriculture, construction, manufacturing and energy sectors, where workers face risks related to heat stress, air quality and disaster-related disruptions. The International Labour Organization (ILO) warns that by 2030, heat stress related to climate change could result in the loss of the equivalent of 80 million full-time jobs globally,60 with a projected 2.2% decline in global working hours by 2030, equivalent to economic losses of $2.4 trillion.61 At the same time, new job sectors related to climate adaptation, renewable energy and sustainability are growing. As the nature of work evolves, understanding the financial implications of climate-driven career transitions will be critical for individuals of different generations. Climate justice and economic equity The effects of climate change are not distributed equally, with marginalized communities often facing the greatest risks. The World Health Organization notes that 3.6 billion people already live in areas highly susceptible to climate change, with low-income countries and small island developing states enduring the harshest health impacts.62 As climate change intersects with financial security and longevity, disparities in access to healthcare, social protections and economic resources are becoming more pronounced. Some countries, such as Bangladesh and the Netherlands, are developing climate-adaptive infrastructure and policies to mitigate risks for vulnerable populations, raising broader questions about how financial systems and social protections can account for climate-related disruptions worldwide. A path forward: Building a resilient and sustainable longevity economy The intersection of extreme heat, climate change and the longevity economy underscores the urgent need for proactive adaptation and long-term planning. Stakeholders throughout government, business and civil society must collaborate to build financial systems that integrate climate resilience, to create an inclusive longevity economy in which individuals of all generations can thrive, regardless of environmental challenges. Future-Proofing the Longevity Economy: Innovations and Key Trends 3030

Future Proofing the Longevity Economy 2025