Europe Faces Trillion-Euro Hit from 2025 Extreme Weather, New Analysis Reveals
BRUSSELS -โ Extreme weather events across Europe in the summer โof โข2025 โhave resulted in economic losses exceeding one โคtrillion euros, according to a new analysis of meteorological data and economic modeling. The impact was โขparticularly severe for smaller states, with Greece, Bulgaria,โ Malta, and Cyprus experiencing losses surpassing 1% of their Gross National โProduct (GNP). While the Czech Republicโฃ avoided notable weather-related damage this year, the findings underscore a growing vulnerability across the continent and a pressing need for increased investment in adaptation โmeasures.
The โฃanalysis,mirroring methodologies used in a recent study examining economic losses โfrom 1995-2022,goes beyond direct damages like โinfrastructure destruction and crop failure to include indirect costsโค such as production downtime,reduced working hours,supply chain disruptions,and adaptation expenses. these indirect effects, according to Stรฉphane Hallegatte, chief climate economist of the world Bank, are “many times greater than direct effects and last longer than people imagine.”โข
the summer of 2025 is shaping up to be โขtheโ third warmest on record globally, with Europe experiencing particularly intense heatwaves, โdroughts, and floods. The economic fallout highlightsโค the escalating โfinancial risks posed by climate change and the critical importance โof proactive adaptation strategies. Without substantial investment in these โคmeasures, similar levels of economicโ damage are projected to become commonplace โขin the comingโข years, threatening the overall resilience of the European economy.
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