Europe faces 113B euro heatwave losses
In 2026, the cost of heatwaves in Europe rose to approximately 113 billion euros, with Italy, Germany, and France bearing two-thirds of this amount. The study estimates that these losses account for 0.46% of the GDP of the 30 European countries, resulting from damage and disasters, decreased production, and increased pressure on purchasing power. Data also show that heatwaves lead to reduced worker productivity and higher absenteeism, with 2027 expected to be an exceptional year for heatwaves. Additionally, temperatures are forecasted to rise by between 1.3 and 1.9 degrees Celsius above the average from 2026 to 2030, amid increasing impacts from the El Niño phenomenon, which could cost up to $451 billion worldwide.
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