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ECB Warns Summer Heat Could Cost EU €43 Billion

10/19/2025

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Story summary
  • A European Central Bank (ECB) analysis projects that this summer's extreme weather could reduce EU economic activity by €43 billion.
  • The European Environment Agency (EEA) says temperatures are rising at twice the global average, causing economic and social losses.
  • Malta could lose nearly 3% of its output by 2029 due to these warming trends.
  • Vulnerable communities face displacement and health risks, prompting experts to urge proactive climate action.