Global warming could cost EU up to €65bn a year

Europe could face annual losses of up to €65bn annually in the 2080s from climate impacts on agriculture, river flooding, coastal systems and tourism, according to a study on the economic effects of global warming published on Wednesday.

The EU's Joint Research Centre (JRC) calculated losses for these sectors under four scenarios ranging from a temperature increase in Europe of 2.5-5.4 degrees Celsius. This corresponds to a 2.6-3.4 degree global temperature rise above pre-industrial levels.

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