Post #3986357

2026-06-25 12:14 UTC

"The Climate Analytics study shows that combined heat-and-drought events already reduce average household incomes by almost 3% across Europe, with much larger losses in the hardest-hit regions. If global warming reaches 2.7°C by 2100, as is likely under current policies and action worldwide, the average European household will see its income fall by 27%. Limiting global warming to 1.5°C, the Paris Agreement commitment, would slash this to 7%." https://climateanalytics.org/press-releases/as-heatwave-sweeps-europe-study-warns-of-growing-toll-on-household-incomes #CostOfClimateChange

Replies (1)

@CelloMomOnCars@mastodon.social 2026-07-21 12:22

"Heat creates a feedback loop in which expected returns on capital decline, investments fall and productive capacity is reduced, Allianz’s research found. That leads to a stagflationary environment, which can quickly become a nightmare for policymakers trying to maintain stability in Europe’s biggest economies." “What we show in our analysis is that if you do nothing you will have a fiscal cost.” https://www.bloomberg.com/news/articles/2026-07-21/heat-morphs-into-a-major-economic-shock-for-an-unprepared-europe Climate action is investment not "cost".

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