Slovak firms face high costs from heatwaves – blog post
Companies need to invest in adaptation, says central bank official
Companies in Slovakia are paying a hefty price for climate change but are postponing investments that would help them boost their readiness to heat-related shocks, research from the country’s central bank concludes.
In a new blog post, Roman Vasiľ, head of climate sustainability at the National Bank of Slovakia, says extreme heat reduces business performance in agriculture, construction, manufacturing and transport – industries that account for approximately 40% of the value added in the Slovak
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