US EditionThe Extreme Weather of the Summer of 2025 Cost Europe €43 Billion According to a Study
Heatwaves, droughts, and floods affected a quarter of EU regions in summer 2025, causing €43 billion in losses, with costs projected to reach €126 billion by 2029, researchers say.
- This summer, extreme weather events in Europe could cost at least 43 billion euros , according to a study reported by scientists.
- Spain experienced its hottest summer since 1961, with 33 heatwave days leading to the worst wildfire season in three decades, as stated by AEMET.
- Wildfires in Europe generated 39.4 million tonnes of CO2 emissions, more than triple that of last year, marking the worst season since records began in 2006.
- Research indicated that record-breaking temperatures and severe weather conditions could lead to further economic losses of 129 billion euros by 2029.
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69 Articles
The European Union continues to brake on policies related to the reduction of greenhouse gas emissions and climate change which, however, are not waiting for. A study by the economists of the University of Mannheim, Germany and the European Central Bank estimates that the summer of extreme weather conditions has caused Europe economic losses, in the short term, for 43 billion euros (with costs that are expected to increase to 126 billion euros b…
A study tries to draw up an immediate estimate of the losses caused by waves of heat, drought and floods made more frequent and serious by global warming: in 2025 the damage to Italy would be 12 billion
New study finds deadly hot summer caused over $50 billion in losses: 'The true costs … surface slowly'
Although the summer of 2025 has yet to technically end, newly published research in the peer-reviewed journal European Economic Review served as a preliminary review of the rising costs of extreme weather, the Guardian reported. What is going on? Around the world, this summer was marked by bouts of violent, dangerous weather. Deadly heat waves twice shattered records in Japan, as was the case in much of the United States. A flash flood near Kerr…
According to an EU estimate, the violent weather conditions that have affected Europe this summer have caused short-term economic losses of at least 43 billion...
The heatwaves, droughts, and floods that plagued this summer have resulted in €43 billion in losses for the European economy, according to a study by the University of Mannheim and two economists from the European Central Bank.
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