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EU's climate change bill could be sky-high, European Commission warns in risks communication

By Stefano Porciello ( March 12, 2024, 16:30 GMT | Insight) -- The EU faces astronomical climate change costs and should expect warming that averages three degrees by the end of this century, the European Commission has warned. The impacts of climate change and resulting extreme weather events could reduce EU gross domestic product by about 7 percent by 2100, it said in a communication on climate risks management, while annual damages from coastal flooding could reach more than 1.6 trillion euros.The EU faces astronomical climate change costs and should expect warming that averages three degrees by the end of this century, the European Commission has warned....

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