Скачать или смотреть Europe's Extreme Weather: The Hidden Economic Impact

This summer, Europe experienced unprecedented extreme weather events, from heatwaves to flooding. A recent EU analysis reveals the staggering short-term economic losses, estimated at €43 billion. The study, conducted by economists from the University of Mannheim and the European Central Bank, highlights the immediate and long-term impacts of climate breakdown.

The article delves into the regions most affected, with Cyprus, Greece, Malta, and Bulgaria suffering losses exceeding 1% of their 2024 gross value added. It also discusses the role of climate change in exacerbating these weather extremes, with studies suggesting a significant increase in the likelihood of such events.

The video will explore the methods used by economists to calculate these costs, which go beyond direct impacts and consider the ripple effects on various sectors. Experts weigh in, emphasizing the need to shift focus to broader economic metrics and the potential underestimation of costs. Supply chain disruptions and their hidden costs are also highlighted. Join us as we uncover the true economic footprint of extreme weather and its long-lasting effects.