Heatwaves cause 113 billion euro loss in Europe
Europe, especially Germany, Italy, and France, suffered economic losses estimated at 113 billion euros due to severe heatwaves that increased absenteeism at work, decreased productivity, and impacted crops and water facilities. Germany was affected by approximately 25 billion euros in damages, while Italy's losses reached 28 billion euros, and France's around 20 billion euros. Additionally, wildfires and rising temperatures have led to the deterioration of rivers and restrictions on navigation, with warnings that the El Niño phenomenon—potentially causing droughts and crop failures—could cost up to 392 billion euros in 2026. It is expected to be the strongest in a thousand years, with China, the United States, and India predicted to bear around 60% of the damages.
Notice: This Is an AI-Generated Summary
Comments (0)