The heat of the air became a disaster for the life of the green continent

The European Environment Agency warned in its recent report that EU countries are at risk of increasing systemic financial shocks due to the continued rise in temperature.

According to the Financial Times, the report confirmed that without decisive action, hundreds of thousands of people will die from heat waves, and economic losses from floods alone could exceed one trillion euros a year. .

This newspaper quoted Jelena Jala Mononen, Executive Director of the European Environment Agency as saying: This is a wake-up call for the financial and insurance industries on the European continent. Research shows that the continent must prepare for a temperature of at least 3 degrees Celsius above pre-industrial levels by 2050.

The European report also found that temperatures could rise by more than 7 degrees Celsius by 2100, and extreme weather would reduce tax revenues, increase government spending, lower credit ratings and raise borrowing costs.

In recent years, Europe has suffered severe damage from massive floods and forest fires. Reports estimate that heat waves could kill 70,000 people in Europe by 2022.