Germany faces 112B euro heatwave losses
A study reveals that heatwaves have become an increasing problem for the German economy, potentially leading to losses of around 112.5 billion euros by 2030 if the heatwaves experienced over the past decade occur again. Researchers explained that temperatures rising above 30°C reduce productivity by up to 3% and increase energy costs by 1.2% for each additional degree, negatively impacting economic performance and public finances. Experts indicate that Germany ranks mid-range among European countries regarding vulnerability to heat, and that it is less prepared to cope with heatwaves compared to other nations such as the United States or Middle Eastern countries, which are taking more advanced measures to address climate change.
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