Germany faces 36 billion euros losses from heatwaves and droughts
The severe heatwaves and droughts in Germany during this summer have caused economic losses estimated at over 36 billion euros, equivalent to about 1% of the gross domestic product. Climate changes have led to widespread damages affecting the agriculture, forestry, health, and transportation sectors, as well as a decline in the ability of forests to protect water sources and support environmental development. Estimates indicate that these losses do not yet include the full environmental damage, such as the loss of biodiversity and the deterioration of forests' role in regulating the local climate.
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