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 Bulgaria, each 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 shocks, and how should policy shift to prepare for this new reality?

by GreenTransitionForum

9 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.

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

    Да са живи и здрави данъкоплатците

  4. 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.

  6. 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.

  7. 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.

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

  9. Actually its corruption and poor water resource and facility management

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