What’s the cost of Europe’s extreme heat? | Climate

From: Counting the Value

Document-breaking temperatures and ferocious wildfires take their toll on a lot of Western Europe.

Researchers estimate that heatwaves have shaved a mean 0.5 p.c off Europe’s annual GDP up to now 10 years.

In 2022, the losses may very well be even higher.

To checklist just some of the elements: A lot of western Europe is sweltering below record-breaking temperatures; wildfires are sweeping throughout Italy, Greece, France and Spain, destroying crops; and vitality costs are up due to the conflict in Ukraine.

Based on the International Fee on Adaptation, an estimated funding of $800m in local weather programmes can save poor nations as much as $16bn yearly.

Plus, is the demand for plane rising?

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