As Europe faces increasingly frequent and severe heatwaves, the implications extend far beyond discomfort. The rising temperatures are creating urgent challenges with regard to public health, economic resilience, and urban infrastructure. What does a warmer world mean for the way we live, work, and invest?
In this episode, Helen Freer is joined by Dr. Damien Ng, an analyst in Julius Baer’s Next Generation research team, to discuss how higher global temperatures are reshaping the risk landscape for populations and investors alike. The conversation explores how heatwaves are becoming a major public health concern, the mounting pressure on healthcare systems, and the economic impact of extreme heat. Dr. Ng also explains the concept of urban heat islands, and how innovations like sponge cities can help build resilience.
(00:00) - Introduction
(00:57) - Why heatwaves are a growing public health concern
(02:24) - Understanding the concept of excess deaths during heatwaves
(04:11) - The role of human-induced climate change
(05:29) - Implications for healthcare systems in Europe
(06:39) - The economic impact of heatwaves and other climate-related disasters
(07:41) - The heat island effect in cities
(08:46) - How sponge cities can build resilience
(09:47) - Investments needed to handle a hotter climate
(11:04) - The link between climate resilience and longevity
(11:20) - Key takeaways
(11:54) - Closing remarks
(12:28) - Legal information
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