Climate change is burning a €43B hole in Europe’s pocket
Shorouk Express “These estimates are likely conservative,” said the authors of the study, Sehrish Usman of the University of Mannheim, and Miles Parker and Mathilde Vallat, economists at the European Central Bank. Extreme weather events are becoming more frequent as greenhouse gases warm the world. In 2024, natural disasters, including catastrophic flooding in Spain, destroyed…
