The hot summer of 2022 in Europe led to more than 61,000 deaths due to heat-related causes, with a disproportionate impact on women, a comprehensive study published in Nature Medicine journal has found.
Between July 18 and 24 last year, a severe pan-European heatwave was proved particularly fatal with 11,637 deaths.
Analysing data from 823 regions across 35 European countries, covering a population of more than 543 million, the research team used temperature and mortality data from 2015 to 2022.
Most concerning was the period from mid-July to mid-August, which presented the highest temperature anomalies and resulted in 38,881 deaths, the study conducted by the Barcelona Institute for Global Health (ISGlobal) and the French National Institute of Health (Inserm) found.
A breakdown by country showed Italy had the highest number of heat-related deaths with 18,010, followed by Spain with 11,324 and Germany with 8,173.
When examining temperature anomalies, France was the country with the highest temperature increase, at 2.43°C above the average for 1991-2020.
Temperatures in the UK exceeded 40°C for the first time on record in July 2022.
Switzerland, Italy, Hungary and Spain also experienced significant increases.
Disproportionate impact
A key finding of the study was the disproportionate impact of the heat on women.
Heat-related deaths were 63 per cent higher among women than men, with 35,406 premature deaths in women compared to 21,667 deaths in men.
The impact was especially notable in those over the age of 80, where the female mortality rate was 27 per cent higher than that of men.
However, the male mortality rate was 41 per cent higher in those under 65, and 13 per cent higher in those aged 65-79.
Reflecting on previous heatwaves, the researchers drew comparisons with the severe 2003 event, which resulted in over 70,000 excess deaths, the highest summer mortality ever recorded in Europe.
Joan Ballester Claramunt, first author of the study and researcher at ISGlobal, highlighted: “The summer of 2003 was an exceptionally rare phenomenon, even when taking into account the anthropogenic warming observed until then.
“This exceptional nature highlighted the lack of prevention plans and the fragility of health systems to cope with climate-related emergencies.”
However, Mr Ballester also pointed out that the 2022 event could not be considered an outlier.
He said: “In contrast, the temperatures recorded in the summer of 2022 cannot be considered exceptional, in the sense that they could have been predicted by following the temperature series of previous years, and that they show that warming has accelerated over the last decade.”
Highlighting the inadequacy of current adaptation strategies, Hicham Achebak, a researcher at Inserm and ISGlobal, emphasised: “The fact that more than 61,600 people in Europe died of heat stress in the summer of 2022, even though, unlike in 2003, many countries already had active prevention plans in place, suggests that the adaptation strategies currently available may still be insufficient.”
He added: “The acceleration of warming observed over the last ten years underlines the urgent need to reassess and substantially strengthen prevention plans.”
Dr Raquel Nunes, assistant professor in environmental change and public health at The University of Warwick, added: “The high number of heat-related deaths during the summer of 2022 in Europe highlights the urgent need for action to protect vulnerable populations from the impacts of heatwaves.”
Dr Chloe Brimicombe, a climate scientist and extreme heat researcher at the University of Graz, also voiced her concerns: “This study highlights a key heat risk across Europe but especially to women.
“It demonstrates that heat prevention strategies need to be re-evaluated, with gender and age especially in mind.”
The study projects more than 68,000 premature deaths each summer by 2030 and over 94,000 by 2040, if effective adaptation strategies are not put in place.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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Killing of Qassem Suleimani
Call of Duty: Black Ops 6
Developer: Treyarch, Raven Software
Publisher: Activision
Console: PlayStation 4 & 5, Windows, Xbox One & Series X/S
Rating: 3.5/5
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Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Expert advice
“Join in with a group like Cycle Safe Dubai or TrainYAS, where you’ll meet like-minded people and always have support on hand.”
Stewart Howison, co-founder of Cycle Safe Dubai and owner of Revolution Cycles
“When you sweat a lot, you lose a lot of salt and other electrolytes from your body. If your electrolytes drop enough, you will be at risk of cramping. To prevent salt deficiency, simply add an electrolyte mix to your water.”
Cornelia Gloor, head of RAK Hospital’s Rehabilitation and Physiotherapy Centre
“Don’t make the mistake of thinking you can ride as fast or as far during the summer as you do in cooler weather. The heat will make you expend more energy to maintain a speed that might normally be comfortable, so pace yourself when riding during the hotter parts of the day.”
Chandrashekar Nandi, physiotherapist at Burjeel Hospital in Dubai
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