The effects of climate change could cost Germany up to 900 billion euros by 2050

The potential costs of damage could be reduced by at least 60% only with the implementation of consistent climate policy and adaptation measures.

The consequences of climate change could cost Germany up to 900 billion euros by 2050, according to a report by the Research Institute for Ecological Economics (IÖW), the Research Institute for Economic Structures (GWS) and consultancy Prognos AG.

According to the report, commissioned by the German government, the increased frequency of extreme weather events, such as long periods of heat and droughts or heavy floods, could cause cumulative economic damage of between 280,000 and 900,000 million euros in the country, depending on the severity of global warming.

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