Europe Heatwaves Cost Economy $129B in 2026
32 Articles
32 Articles
Extremely high summer temperatures led to a reduction of Euro113 billion in the European economy this year due to a fall in labour productivity, reported Tageschau news service with reference to the study of the Allianz insurance group. In the summer of 2026, the anomalous heat cost the European economy Euro113 billion, transfers RIA News. The biggest damage was recorded in Italy, where losses amounted to Euro28 billion. Germany ranked second, w…
EXTREME heat could cost Europe 113 billion euros due to a drop in productivity, with Italy, Germany and France expecting the biggest losses.
A report by Allianz: extreme temperatures are becoming a structural economic risk, and no longer just a climate phenomenon with occasional consequences
Extreme heat is expected to cost the European economy EUR 113 billion this year. Germany is particularly affected. Allianz warns against further rising damage caused by climate change.
The European economy is expected to lose some 113 billion euros this year due to a decline in productivity and production in many European countries due to the extreme heat last summer, German insurer Allianz estimates on Thursday. ...
Reformatorisch Dagblad
The European economy is set to lose an estimated 113 billion euros this year due to lower productivity and production in many European countries caused by the extreme heat last summer. This is reported by the German insurer Allianz.
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