Climate change will cost Germany 900 billion euros by 2050 – #Climate #change #cost #Germany #billion #euros
BERLIN, March 6 (Reuters) – Extremes caused by climate change weather 900 in cumulative economic damage to Germany by mid-century billion could cost euros, Europe’s largest economy is looking for climate adaptation measures to reduce the damage bill. .
The study, by economic research firms Prognos and GWS and the German Institute for Environmental Economic Research, comes as Berlin works on a climate adaptation strategy to be presented soon by the environment ministry.
This is also judge It comes as the coalition debates how Germany can reduce greenhouse emissions in hard-hit sectors such as transport and construction to become carbon neutral by 2045.
Germany’s economy and environment ministries cited the study as saying that extreme heat, drought and floods could increase to 280 between 2022 and 2050, depending on the degree of global warming. billion to euro (297.81 billion dollars) and could cost 900 billion euros.
Latest UpdatesEnvironment categorySydney heats up with autumn heat wave, Forest Fire danger arises, article with galleryGalleryWorldcategoryStorms California snow strengthens the pack, relieves dryness, article with videoVideo
See 2 more stories
to expenses village include loss of agricultural products, damage or destruction of buildings and infrastructure due to heavy rainfall and flooding, disruption of goods transportation and impact on the health system.
The study did not take into account non-financial damages such as health disorders, deaths from heat and floods, and loss of biodiversity.
Extreme on climate change weather events to Germany 20It cost at least 145 billion euros between 2000 and 2021, of which 80 billion in the last five years alone, including floods in the states of Rhineland-Palatinate and North Rhine-Westphalia in 2021, the economy ministry said.
Possible damage costs can be completely reduced by climate adaptation measures such as carbon sequestration if climate change is only moderate, the study found, adding that depending on how severe climate change will be, around 60% to 80% of costs could be saved .
The study did not estimate how much climate adaptation measures could cost federal and state governments.
($1 = 0.9402 euros)
Reporting by Riham Alkousaa; Edited by Shounak Dasgupta
Our standards: Thomson Reuters Trust Principles.
2023-03-06 15:08:48
Source – reuters
Translation“24 HOURS”