Heat Waves in 2026 Cost 113 Billion Euros in Europe, According to Allianz Insurer
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5 Articles
The heat waves that hit Europe this summer cost the 30 European countries EUR 113 billion according to a study by the Allianz insurer on the climate economy in 2026, which is about 0.46% of their combined GDP. Italy is the country that pays the biggest toll on heat waves, followed by Germany and France. Heat that can reduce production without causing visible damage to buildings or equipment, explains the insurer.
Europe suffered 113 billion euros (about $122 billion) from heat waves this year, with production, agriculture, energy and transport being adversely affected, while future climate phenomena are threatening to increase losses and pressure on budgets and insurance.
The heat waves that hit Europe in 2026 have generated huge economic losses of 113 billion euros by Allianz Trade. Article How extreme heat cost 113 billion to Europe appeared first on L'EnerGeek.
The heat waves that hit Europe in 2026 generated an economic cost of 113 billion euros, according to the insurer Allianz Trade. Italy, Germany and France alone concentrate almost the two...
Photo:Pixabay Extremely high summer temperatures could cost the European economy around 113 billion euros this year. According to experts, the heat reduces employee productivity and overall economic activity. An analysis by German insurance company Allianz shows that Italy will suffer the biggest economic blow, followed by Germany and France. Italy could lose […]
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