Europe Climate Damage Costs: €790 Billion Since 1980

by Archynetys World Desk
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According to a new report of the European Environment Agency (AEA), from 1980 to 2023 Europe has undergone Economic losses over 790 billion euros because of Extreme climatic or meteorological events.

The Germania He suffered the major losses, in the period in question, equal to 180 billion euros. Follow theItaliawith costs equal to 135 billion euros, the France With 130 billion and Spain, which has undergone losses for 97 billion.

However, the picture changes slightly if you take into consideration only the current century. In this period, Germany, Italy, France and Spain are followed by a group of six other EU countries (Austria, Belgium, Czechia, Portugal, Romania and Slovenia), which have undergone very similar total losses, between 12 and 15 billion euros.

The IPCC warned that extreme events will become more and more violent and frequent

The intergovernmental group of experts on the climate change of the United Nations (IPCC) for years has warned that intensity and frequency extreme climatic events are increasing due to the growth of the average global temperature, mainly caused by the combustion of coal, oil and gas.

The analysis of extreme weather events indicates that it is the floods and waves of heat that caused most of the economic damage throughout the European Union.

Although the greatest economic losses in the richest and most developed countries may seem significant, they tend to have a minor impact, in proportion, at national level, compared to losses, nominally minors, suffered by Poorer and less developed countries. In fact, the most wealthy nations can count on greater resources and therefore manage these emergencies more easily.

In Slovenia, Belgium and Germany the major losses for square kilometer

The countries of Western and central Europe, such as the Sloveniail Belgium and the Germaniathey recorded the highest losses for square kilometer, while the eastern and northern ones, such as the Finlandia el ‘Estoniawere relatively spared.

Slovenia, in particular, is the European country with desperately for the head higher, equal to 8,733 euros between 1980 and 2023. They follow Luxembourg (2.694 euro), Swiss (2.685 euro), Italia (2,330 euros) e Spain (2,279 euros). On the other hand, Kosovo (10 euro), Montenegro (41 euros) e Iceland (87 euros) are the states that have recorded the data per inhabitant. “The per capita losses vary less than those per square kilometer and different countries have relatively similar values,” reads the search for the AEA.

Policies against climatic risks

Most European countries have insurance private to protect themselves from the natural risks related to the climate. Policies can be signed by local authorities, governments, institutions, companies, community groups, families and individuals in order to enjoy protection against losses of human lives, means of subsistence or goods.

Usually, payments are quite quick after catastrophes. For twenty -seven EU member states, the average of insured losses has increased over time from 2.5 billion euros in 2009 to 4 billion in 2023, according to the aea.

For example, France e Spain They have national insurance systems that revolve around public-private partnerships (respectively Caisse Centrale de réassurance, CCR and Consorcio de compensación de seguros, CCS). However, at least in Sixteen countries members the lack of insurance is greater than 90 percent. On the other hand, in Denmark Over 50 percent of the losses recorded were covered by policies.

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