Economic losses from climate-related extremes in Europe
A European Environment Agency Indicator Assessment
Between 1980 and 2019, climate-related extremes caused economic losses totaling an estimated EUR 446 billion in the EEA member countries. Although analysing trends in economic losses is difficult, partly as a result of high variability from year to year, climate-related extremes are becoming more common and, without mitigating action, could result in even greater losses in the coming years.
The EU adaptation strategy aims to build resilience and ensure that Europe is well prepared to manage the risks and adapt to the impacts of climate change, thus minimising economic losses and other harms.