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Why climate action makes €€€ sense:

Europe’s summer of extreme weather caused €43bn of short-term losses, analysis finds

That's [ 0.26% of the EU’s economic output in 2024.

The greatest damage was done in Cyprus, Greece, Malta and Bulgaria – each of which suffered short-term losses above 1% of their 2024 “gross value added” (GVA), a measure similar to GDP. They were followed by other Mediterranean countries including Spain, Italy and Portugal."

https://www.theguardian.com/world/2025/sep/15/europes-summer-of-extreme-weather-caused-43bn-of-short-term-losses-analysis-finds