Europe's Summer 2025 Extreme Weather Events Cost €126 Billion
Extreme weather events in Europe during the summer of 2025 have left a devastating trail, with initial damages reaching €43 billion. The long-term economic impact is projected to soar to around €125-126 billion by 2029.
Southern European countries bore the brunt of these events, with losses totaling nearly €35 billion in just three months. Droughts in the south resulted in short-term losses of nearly €29 billion, with potential follow-on costs bringing the figure to nearly €75 billion by 2029. Floods caused direct damages of €6.5 billion EU-wide, with corresponding total costs of over €20 billion by 2029. Germany's losses amounted to around €2.5 billion, making it one of the less severely impacted countries.
Heatwaves alone caused short-term damages of €6.8 billion, with long-term total costs exceeding €30 billion. A comprehensive study considering 1,160 European regions and over 32,000 surveys from various databases estimates that the total costs of these events between June and August 2025 are around €126 billion, with potential follow-on costs up to 2029.
The summer of 2025 has underscored the urgent need for climate resilience and adaptation. As extreme weather events become more frequent and severe, the economic impact on Europe is set to rise significantly in the coming years.
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