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The EU has warned it “cannot afford to lower” its climate and sustainability ambitions after revealing the true cost of extreme weather damage.
A new report from the European Environment Agency (EEA) has calculated the average annual economic losses caused by climate-related events such as intense heat, floods, and drought from 1980 to 2023.
It found that worsening climate impacts could cut EU GDP by seven per cent by the end of the century, with estimated lo
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