Claim: Climate Change will Cost Germany $960 Billion by 2050
6 hours ago Eric Worrall 13 Comments
Essay by Eric Worrall
But Climate ACTION is reportedly costing Germany €1.5 billion per DAY – €440 billion between February and December last year.
Climate change to cost Germany up to $960bn by 2050, study finds
Report released during discussion on how Berlin could cut greenhouse gas emissions in challenging sectors like transportation.
6 Mar 2023
Climate change could cost Germany up to 900 billion euros ($960bn) in cumulative economic damage by mid-century, a new study shows, as Europe’s biggest economy searches for ways to cut that bill.
The analysis by the economic research company Prognos, the Institute for Economic Structures Research and the Institute for Ecological Economic Research was released on Monday as Berlin works on a climate adaptation strategy soon to be presented by the environment ministry.
Germany’s economy and environment ministries cited the study as showing that extreme heat, drought and floods could cost from 280 billion euros ($300bn) to 900 billion euros between 2022 and 2050, depending on the extent of global warming.
https://wattsupwiththat.com/2023/03/08/claim-climate-change-will-cost-germany-960-billion-by-2050/
