Heatwaves cost UK economy £4.4B, EU GDP €180B, new research shows

New research highlights the significant economic toll of recent heatwaves in the UK and Europe. A think tank estimates the UK economy has lost at least £4.4 billion due to lost output, with projections of £25.6 billion by 2030 if heatwaves intensify. Meanwhile, a separate analysis suggests extreme summer weather could reduce EU GDP by approximately €180 billion, effectively erasing the year's forecasted growth, with labor productivity loss being the largest contributor. AI

RANK_REASON The cluster reports on new research analyzing the economic impact of heatwaves. [lever_c_demoted from research: ic=1 ai=0.0]

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• Climate Change Committee (CCC)
• Copernicus Climate Change Service
• Dr. James Meaday
• Europe
• Hans Stegeman
• LSE’s Grantham Institute on Climate Change and the Environment
• Mayo Wynne Baxter
• Met Office
• Samantha Dickinson
• Triodos Bank
• United Kingdom

• other

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