Experts issue warning on looming threat that could cause $150 billion economic hit: 'These events affect lives and livelihoods'

Experts issue warning on looming threat that could cause $150 billion economic hit: 'These events affect lives and livelihoods'

A new study from the European Central Bank and the University of Mannheim has found that extreme weather events are eating away at Europe's economy, especially in Malta. What is this study about? According to the Times of Malta, research estimated that this summer's extreme weather would slash economic activity across the EU by €43 billion ($50.6 billion). That's equal to about 0.26% of total output.  By 2029, the long-term effects could total €…