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Prague Hits 40°C, Europe Faces €738 B Weather Toll

8/3/2026

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Story summary
  • Prague recorded near-40 °C (104 °F) temperatures, illustrating Europe’s new summer norm.
  • June’s average temperature reached 20.74 °C (69 °F), 3.06 °C (5.4 °F) above the 1991-2020 average.
  • The European Environment Agency estimated extreme weather cost Europe €738 billion from 1980 to 2023, with €162 billion incurred in the three-year span.
  • A European Investment Bank and Commission study projected climate change could raise annual agricultural losses by up to 66 % by 2050.