Simon Stiell Tells EU Lawmakers Climate Cost Europe €180 Billion
The €180 billion estimate wipes out a full point of EU growth, while solar alone saved €30 billion in gas imports.
- Stiell cited a study putting Europe's summer extreme weather cost at €180 billion.
- Solar power alone saved Europe €30 billion in gas imports during the Middle East war.
- Current policies put warming on track for 2.6°C, still above the Paris Agreement's 1.5°C limit.
Why it matters: Calling weather an economic security emergency turns budget authority over to the officials who counted the damage.
UN News (UN Department of Global Communications) — Simon Stiell address to European Parliament environment committee ↗ · Sep 12, 20269/12/26