Il tempo estremo costa già il Lussemburgo oltre 1 miliardo di euro

Between 1980 and 2023, climatic events like heavy rain, storms and floods, caused €1.262 billion in economic losses in Luxembourg, according to a study by the European Environment Agency.

Most of this (just over €1 billion) was directly due to weather, such as storms or hail, while the remaining €260 million was down to flooding, whether river flooding or rainfall-related. No economic losses are directly linked in the report to heatwaves, periods of drought or frost.

The report compiles direct financial losses, both insured and uninsured – but crucially does not include related or ongoing costs such as lost crops or health problems. Lower crop yields in Luxembourg due to summertime drought conditions would threfore not be counted, for example.

Easy. If there is one country in Europe that can afford this, its Luxembourg (or Switzerland maybe).