Compared to developed countries, developing countries such as India are much more susceptible to this transforming climate as lives and livelihoods are majorly climate sensitive. India is already under the abnormal spells of dry extended summers, late monsoons and heavy rains that cause flooding, shorter winters and so on. India is totally unprepared and has no mechanism to adapt or even have the open mindedness to acknowledge this imminent danger. This report cites empirical research by Lab co-director Michael Greenstone of the Energy Policy Institute at the University of Chicago and co-authors examining the effects of hot temperature days on productivity, wages and price for rural and urban areas of India.