Climate crisis: The 900 billion euro risk for Germany

Forest fire in Brandenburg

In Germany, too, there is more and more fire damage in nature.

(Photo: imago images/Marius Schwarz)

Berlin Experts have long been warning of increasing risks from global warming, which in Germany is primarily reflected in heavy rain, floods, heat waves and droughts.

Since the turn of the millennium, the total damage caused by extreme weather in Germany has amounted to a good 145 billion euros. By 2050, the damage could amount to 900 billion euros. A study commissioned by the Federal Ministry of Economics, which analyzes the possible economic consequences of climate change, warns of this.

Not all damage can be quantified. There are also health impairments and deaths from heat and flooding and the loss of biodiversity. The study was written by the Society for Economic Structure Research (GWS). The co-authors include the analysis and consulting company Prognos and the Institute for Ecological Economy Research (IÖW).

“Climate changes are already having serious economic consequences, which can increase massively,” said State Secretary for Economic Affairs Stefan Wenzel (Greens). “Every euro invested in climate protection reduces the economic costs that extreme weather events can cause in the future.”

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