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HomeLatest NewsClimate change could cost Germany more than 900 billion

Climate change could cost Germany more than 900 billion

Date: March 26, 2023 Time: 12:45:33

Europe’s largest economy, Germany, could suffer up to 900 billion euros in losses from climate change, according to a government report collected by Bloomberg. The figures could be reduced if specific measures were adopted, although it is something that seems to be costing the German giant, which last week blocked the end of the sale of combustion cars in Europe in 2035.

This report has come after the devastating floods in Germany, which claimed the lives of 180 people in 2021, have caused a loss of more than 40,000 million euros to the gross domestic product (GDP) of the country. In this context, the researchers report that this type of damage could be suffered “more frequently” in the middle of this century.

Germany is the European country that pollutes the most on the entire continent and is looking to find the most appropriate ways to reduce its environmental footprint without jeopardizing economic policies based on manufacturing and production. As a primary objective, the German country has highlighted that it wants to reduce its carbon emissions by 65% ​​by the year 2030. However, if it fails to meet this requirement, it will not be able to achieve climate neutrality in 2045, as has planned.

Crop failures, interruptions in the influenza production process if measures are not taken, as recognized in the corresponding sections of the report.

Germany’s environment ministry is still planning to present a bill that is capable of tackling climate adaptation, in a context that has been complicated by its reliance on Russian hydrocarbons. Germany is one of the countries that has been forced to burn more carbon to be able to supply the Kremlin’s lack of gas.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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