Climate change to have long-term economic impact: SF Fed paper

SAN FRANCISCO - An increase in the number of hot days as climate change warms the globe would likely damage the U.S. economy over the long-term, according to research published on Tuesday by the Federal Reserve Bank of San Francisco.

They then projected the likely drain on labor productivity in construction, where - unlike most of the services and manufacturing sectors - air-conditioning cannot counter the impact of hot days.

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