Europe’s Credit Markets Shrug Off Climate Risks Despite Devastating Droughts
Severe droughts across Europe this summer led to huge wildfires, disrupted transport on critical routes, threatened power plants…
Climate Damage: The Next Hit to Europe’s Public Finances
Someone will have to pick up the tab for the damage wrought by Europe’s increasingly volatile weather, and…
Danube River Hits Record Lows and Threatens Romania, Hungary Nuclear Plants
The green excavator scooped another heap of arid dirt and rocks before swiveling around to deposit the load…
France and Spain Plan Economic Aid as Major Fires Still Burn
France and Spain are studying ways to pump money into regions hit by massive wildfires over the past…
Heat Morphs Into a Major Economic Shock for an Unprepared Europe
Europe’s status as the planet’s fastest-warming continent is becoming a serious drag on its economic prospects. The region,…
How the heatwave is set to aggravate Europe’s other vulnerabilities
The rising cost of living and the impact of climate change were among the top challenges facing residents…
EU in Race Against Time to Agree on Emissions Target
Tensions between the EU’s desire to play a starring climate role and boost its sluggish economy have been…
ECB Amends Bank Capital Reviews to Reflect Extreme Weather Risks
The European Central Bank is embedding climate risk into regular reviews of how well banks can absorb losses,…
Europe’s Farm Sector Loses €28 Billion a Year From Climate Risks
The European Union’s agriculture industry is losing €28 billion ($31.5 billion) a year due to increasing climate risks,…
‘Virtually Certain’ 2024 Will Be The Hottest Year On Record, EU Climate Body Says
Topline The European Union’s climate monitoring body said Thursday that it was “virtually certain” that 2024 will be…