By 2029, losses in the European Union from heat waves, drought and floods will amount to about 126 billion euros, and about a third of this amount – 43 billion euros – will have to be the current year.
, researchers of the University of Mannheim and the European Central Bank (ECB).
The results of the study of “early forecasts of regional exposure to extremal Weather conditions in 2025 are based on current meteorological data and historical comparative indicators.
The study emphasizes that extreme weather phenomena not only violate everyday life, but also leave a deep economic trace. The work describes in detail how these phenomena will affect the economy in the long run, with examples.
researchers took into account not only direct costs, such as destroyed buildings or crops, but also indirect costs, including a decrease in labor productivity during heat waves and the migration of the population from the injured regions.
it is noted that extreme weather conditions are reduced The performance of the workforce, and emphasizes the need to increase investment in climate adaptation measures, such as protecting cities from heat or improving the management of water resources.
“The real costs of extreme weather phenomena are gradually”
“” real costs of extreme weather phenomena are manifested gradually, since they affect lives and livelihoods of existence. People through direct consequences through the framework of direct consequences, as a rule, are delayed, ”said the University of Mangaim Sehrish Usman, commenting on the results.
Usman emphasized that extreme weather phenomena are no longer a distant threat to Europe and now affect the economic development of the continent. Assessment of consequences allows politicians to direct support and adaptation strategies at a time when the consequences of these phenomena are just beginning to manifest themselves, ”she added.