Climate likely to cost Europe €350bn per year

Climate change is likely to cost Europe €350bn per year by 2080, assuming a global temperature rise of over 4°C by the end of the century, the EEA predicts

Climate change is likely to cost Europe €350bn per year by 2080, assuming a global temperature rise of over 4°C by the end of the century, the European Environment Agency has predicted in a report.

The 4°C scenario is what scientists believe will happen if the pledges made by countries as part of the UNFCCC negotiations remain unchanged. A World Bank report also recently warned about the impacts of this scenario globally.

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