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Europe faces 113 billion euro loss from heat
The cost of the heatwaves that hit Europe in 2026 was approximately 113 billion euros, with Italy bearing the largest burden at 27.8 billion euros, followed by Germany with 25 billion euros and France with 20.1 billion euros. These losses represent 0.46% of the gross domestic product of the affected countries, and their causes include damages, disasters, production declines, as well as the impacts of inflation and rising food prices. It is expected that 2027 will also see exceptional heatwaves, with projected losses from the El Niño climate phenomenon reaching 451 billion dollars, most of which are anticipated to occur within the same year.
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