A new study from the University of Mannheim and the ECB estimates that extreme weather caused at least €43 billion in short-term losses across Europe this summer.

The hardest-hit economies: Cyprus, Greece, Malta, and Bulgariaeach losing over 1% of GDP due to extreme heat, drought, and floods.

Economists warn the numbers are conservative – wildfires and compound effects weren’t even fully counted. Losses could rise to €126 billion annually by 2029 if trends continue.

💡 Which EU economies do you think are most vulnerable to climate shocksand how should policy shift to prepare for this new reality?

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Posted by GreenTransitionForum

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10 Comments

  1. We’ll just ask China and India to reduce their emissions nicely, im sure they will do it to avoid a climate catastrophe.

  2. България няма Климатична Стратегия нито за адаптация, нито за СО2 неутралност.

    Да са живи и здрави данъкоплатците

  3. Трябва пак да завъдим стада, които да изяждат тревите около селата и няма да има кво да гори

    Тамън ще има и мляко и месо и вълна. Едно време са били повече овце от хора.

  4. bate_Vladi_1904 on

    Много от щетите, произлизащи от пожари са предизвикани от хора целенасочено, или от чиста глупост. Разбира се, има не Марко и чисто екологични щети и загуби – и ще продължават да се увеличават, с разрушаването на планетата ни.

  5. Every year its always the same – winter surprised us and there are a lot of wildfires. Each year our idiots promise equipment for these fires and each year for 3 months the news are – there are over 20 wildfires across the country, we are waiting for help from others. With such filth in the parliament i expect nothing less.

  6. Bulgarian vatniks don’t believe in climate change, global warming or covid all being real so it’s fine.