
Paris – The European Union suffered losses amounting to forty-three billion euros due to extreme weather events last summer, as revealed by a study conducted by Sehrish Usman from the University of Mannheim, alongside two co-authors from the European Central Bank.
This research utilizes weather data and economic models to assess damages exacerbated by climate change.
It considers both direct impacts, such as the destruction of infrastructure and crops from floods, and indirect effects, including production delays from factory rebuilds, loss of life, and adaptation costs.
The study also addresses long-term consequences. By factoring these in, the macroeconomic costs stemming from the summer 2025 disasters could escalate to 126 billion euros by 2029.
Spain, France, and Italy are identified as the hardest-hit nations, with each facing losses exceeding 10 billion euros this year. (September 15, 2025)













Leave a Reply