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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.

Stories that explain this

Europe's hottest summer caused 35,000 climate deaths UK public services struggle with heatwaves as climate crisis worsens

Related explainers

What is a 'climate death'? Why is Europe warming faster? Why are harvests failing? How does heat affect transport? What is a heatwave? What is 'tepid' political response? Who pays for climate change? Who pays for fire damage?

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