Summer heatwaves cost Germany 25 billion euros
A study has shown that heatwaves sweeping across Europe this summer have caused approximately 25 billion euros in losses to the German economy, due to decreased productivity, increased absenteeism, and longer breaks caused by high temperatures. The heat has also been linked to around 16,000 deaths, as well as forest fires, crop damage, and lowered river levels, which have impacted navigation activities. Germany ranks second in Europe for economic losses, after Italy, which lost 28 billion euros. France's losses are estimated at around 20 billion euros, bringing the total losses across 30 European countries to 113 billion euros. The study warns that the "El Niño" phenomenon could cause losses up to 392 billion euros next year, with a potential rise in food prices across Europe. It emphasizes that the economic risks associated with climate change are expected to persist.
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