How many economic losses from climate-related events has Europe suffered since 1980?

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How many economic losses from climate-related events has Europe suffered since 1980?  As another heatwave hits Europe, a new study shows that Germany, Italy, France and Spain have suffered the highest economic losses in the 21st century due to natural hazards.   READ MORE : http://www.euronews.com/2025/07/04/how-many-economic-losses-from-climate-related-events-has-europe-suffered-since-1980  Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

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00:00To what extent has Europe suffered economic losses from climate-related events since 1980?

00:10Europe has experienced over 790 billion euros in economic losses due to extreme weather and

00:17climate-related events from 1980 to 2023. Floods and heatwaves have been the primary

00:23causes of economic damage across the EU. Germany has suffered the highest total economic losses

00:29during this period, amounting to 180 billion euros. This is followed by Italy at 135 billion euros,

00:37France at 130 billion euros, and Spain, which suffer a loss of 97 billion euros due to such events.

00:45While larger economic losses in wealthier and more developed countries may seem significant,

00:50they tend to have a smaller impact on the nationwide economy compared to smaller losses suffered by

00:56poorer, less developed nations. Wealthier countries tend to allocate a smaller portion of their

01:01public budgets for recovery or may be better equipped to handle such losses. Western and

01:06Central European countries like Slovenia, Belgium and Germany experience higher losses per square

01:12kilometer, while Eastern and Northern countries like Finland and Estonia tend to suffer less financially.

01:18Most European countries have private insurance to protect against climate-related natural hazards.

01:24However, only Denmark and Norway have more than 50% of their losses covered by insurance.

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