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Explained in plain English

Who pays for climate damage?

The estimated €180bn in damage from Europe's hot summer shows the massive financial cost of climate change. This includes things like damage to infrastructure, lost agricultural output, and increased healthcare costs. Often, these costs are borne by governments, businesses, and individuals through taxes, insurance premiums, and direct losses, highlighting the economic burden of inaction.

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Related explainers

What is a 'climate death'? Why is Europe warming faster? Why are floods getting worse? Why are harvests failing? How does heat affect transport? What are heat-trapping gases? What is a heatwave? What is 'tepid' political response?

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