Austria: Climate Damage Costs Billions According to the Study
7 Articles
7 Articles
The climate and weather-related damage in Austria has been on the rise for years. New calculations by a team around Graz researchers show average costs of more than 3.7 billion euros per year – this year's heat summer is not yet included.
"This summer was not an exceptional summer," says an expert at the University of Graz. A project calculates the social costs of not acting in the face of climate change.
Uni-Graz researcher: "This year's summer was not an exceptional summer. A research project calculates the cost of non-action in the face of climate change.
First results from the study COIN 2.0 – Societal COsts of INaction
3.7 billion euros in damage and losses cause climate and weather-related events in Austria on average every year, researchers predict. Adaptation lags behind.
Climate and weather-related events caused damage between 2017 and 2024 between 1.9 and 6.1 billion euros per year. This is shown by the first interim results of a current study. In recent years, hail and floods in particular have caused high damage.
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