BERLIN: Extreme weather caused by climate change could cost Germany up to €900 billion (US$956 billion) in cumulative economic damage by mid-century, a study showed on Monday (Mar 6), as Europe's biggest economy seeks climate adaptation measures to cut the damages bill. The study, by economic research co
BERLIN: Extreme weather caused by climate change could cost Germany up to €900 billion in cumulative economic damage by mid-century, a study showed on Monday , as Europe's biggest economy seeks climate adaptation measures to cut the damages bill.
It also comes amid debates in the ruling coalition on how Germany could cut greenhouse emissions in challenging sectors such as transportation and construction to become carbon neutral by 2045. The costs include loss of agricultural yields, damage or destruction of buildings and infrastructure due to heavy rain and flooding, impairment of goods transportation and impact on the health system.
Climate change extreme weather events have already cost Germany at least €145 billion between 2000 and 2021, €80 billion of which were in the past five years only, including the 2021 floods in the states of Rhineland-Palatinate and North Rhine-Westphalia, the economy ministry said.
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