Climate crisis wipes out EU's economic growth.
Brutal summer set to cost EU economy €180 billion this year — equivalent to 1 % of GDP, which is all the growth expected in 2026.
“Every year adaptation without mitigation is a year borrowed against a hotter baseline.”
#GreenDeal #EnergyTransition #EUpol
https://www.politico.eu/article/europes-scorching-summer-could-erase-blocs-2026-growth