Extreme Weather Could Cause 5% Drop in Euro Zone GDP, Bank Watchdogs Find July 10, 2025 By Virginia Furness Extreme weather events such as heatwaves, flooding and wildfires could wipe as much off euro zone GDP in the next...
Heat Waves May Cut GDP by 0.5 Percentage Point in Europe, Allianz Says July 2, 2025 By Maria Martinez Recent heat waves across Europe could slow economic growth in Europe by half a percentage point in 2025, a report...
Update: Heatwave Grips Europe – Spurring Health Alerts, Raising Risk of Field Fires July 1, 2025 By Clotaire Achi, Emma Pinedo and Alvise Armellini Italy limited work outdoors, France shut schools and Turkey battled wildfires on Tuesday in a European heatwave that meteorologists said...
Heat Wave Threatens Power Output and Wildfires Across Europe June 26, 2025 By Eva Brendel and Joe Wertz Europe’s heat wave is intensifying, fueling wildfires across the Mediterranean and threatening to curb electricity generation from both nuclear and...
Wildfire Alerts Issued Across Mediterranean as Heat Wave Builds June 25, 2025 By Joe Wertz Wildfire warnings were issued across the Mediterranean, as temperatures soar to 40C (104F) in parts of Spain, Italy, and Greece....
ECB Amends Bank Capital Reviews to Reflect Extreme Weather Risks June 17, 2025 By Frances Schwartzkopff The European Central Bank is embedding climate risk into regular reviews of how well banks can absorb losses, marking a...
European Homeowners Battle Insurers Over $2.9 Trillion Climate Risk June 13, 2025 By Claudia Cohen, Gautam Naik and Tom Fevrier When Bernard Weisse first noticed a tiny crack in the outer wall of his house on the outskirts of Paris,...
EU to Propose More Flexible Climate Goal, Sources Say May 30, 2025 By Kate Abnett The European Commission will propose a new EU climate target in July that includes flexibilities for how countries meet it,...
EU Almost on Track to Reach 2030 Climate Goal May 28, 2025 By Kate Abnett The European Union is nearly on track to reach its main climate target for this decade, with countries’ existing CO2-cutting...
Europe’s Farm Sector Loses €28 Billion a Year From Climate Risks May 21, 2025 By Celia Bergin The European Union’s agriculture industry is losing €28 billion ($31.5 billion) a year due to increasing climate risks, such as...