If no further action is taken and global temperature increases by 3.5°C, climate damages in the EU could amount to at least €190 billion, a net welfare loss of 1.8% of its current GDP. Several weather-related extremes could roughly double their average frequency. As a consequence, heat-related deaths could reach about 200 000, the cost of river flood damages could exceed €10 billion and 8000 km2 of forest could burn in southern Europe. The number of people affected by droughts could increase by a factor of seven and coastal damage, due to sea-level rise, could more than triple. These economic assessments are based on scenarios where the climate expected by the end of the century (2080s) occurs in the current population and economic landscape.
These are just some of the findings of a new report by the European Commission's in-house science service, the Joint Research Centre, which has analysed the impacts of climate change in 9 different sectors: agriculture, river floods, coasts, tourism, energy, droughts, forest fires, transport infrastructure and human health. The report also includes a pilot study on habitat suitability of forest tree species.
Connie Hedegaard, European Commissioner for Climate Action said: "No action is clearly the most expensive solution of all. Why pay for the damages when we can invest in reducing our climate impacts and becoming a competitive low-carbon economy? Taking action and taking a decision on the 2030 climate and energy framework in October, will bring us just there and make Europe ready for the fight against climate change.
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