Luxembourg Has Spent €1 Billion On Climate Change Over The Last 40 Years
Climate Change Cost Luxembourg €1bn Over 40 Years
According to the European Environment Agency (EEA), climate change and extreme weather have cost Luxembourg over €1 billion over the last 40 years — a fraction of the cost for larger countries like France and Germany.
According to the EEA, the financial costs of local weather catastrophes such as flooding cost the country little over €800 million between 1980 and 2020. Germany misplaced €147 billion, whereas France misplaced €139 billion.
Over the interval, the EU racked up €520 billion in prices from local weather change and unhealthy climate, which might embrace issues reminiscent of repairs to houses, or infrastructure, reminiscent of roads and bridges.
Floods throughout Luxembourg precipitated harm value €125 million in July final 12 months, however these numbers weren’t but included within the EEA report.
The authorities pledged a €100 million support bundle after torrential rains precipitated rivers to burst their banks, flooding whole cities, forcing tons of of individuals out of their houses and bringing companies to a halt.