Climate extremes costing Germany billions of euros

The Brussels Times

Belgium (Brussels Morning Newspaper) Extreme weather conditions as a consequence of global climate crisis are taking a serious and tangible financial toll on Germany, measured in tens of billions of euros, according to a study released on Monday.

In a first study of its kind, economic analysis firm Prognos estimated that climate crisis consequences had cost Germany at least 6.6 billion euro per year on average since the year 2000.

Extreme weather conditions registered between 2018 and 2021 have caused as much as 80 billion euro in damages, as devastating floods, draughts and other weather extremes are increasingly impacting Germany.

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