Economic losses from climate-related extremes in Europe (8th EAP)

Between 1980 and 2021, weather- and climate-related extremes caused economic losses estimated at EUR 560 billion in the EU Member States, of which EUR 56.6 billion from 2021. Analysing trends in economic losses is difficult, partly because of high variability from year to year. Some statistical analysis has revealed, however, that economic losses increase over time. As severe weather- and climate-related extreme events are expected to intensify further, it seems unlikely that the associated economic losses will reduce by 2030.