Growing heatwaves show urgent need for finance

Globally, July was the hottest month on record. Africa experienced its hottest night, with the temperature in Adrar, Algeria, not falling below 39.6 degrees Celsius.
Increasingly intense heat has many consequences around the world, including boosting demand for electricity to power air conditioning and refrigeration.
If global warming is limited to 1.5 degrees Celsius above pre-industrial levels by 2100, then by 2050 the electricity needed for cooling is still likely to be equivalent to the United States’, European Union’s and Japan’s combined generation capacity in 2016, notes a recent Oxford University study.