Climate crisis
Extreme weather in the EU has moved from an insurance footnote to a recurring line in the public budget. Damage to homes, roads and harvests is the visible part; lost labour productivity, higher food prices and rising premiums are the part households pay without ever seeing an invoice.
Accrued this year
€195,582,372,263
€7,225 /sec
Per citizen
€435.60
€508 per year
Per household
€992.80
€1,157 per year
Cost timeline
Modelled yearly cost across the EU, 2015–2026.
Figures are EU-wide and divided equally across 449 million residents.
Cost per worker by EU country
Model: EU-wide bill split by contribution key (GNI share; Netherlands 6.2%), divided by the labour force. Indicative.
Direct costs
€127.0 bn/yrMoney that leaves a public budget or an invoice.
- Weather & climate related damages€45.0 bn
EEA, average of recent years
- Public adaptation & flood defence spending€18.0 bn
- Emergency response and reconstruction€9.0 bn
- Green Deal public spending and subsidies€55.0 bn
Fit for 55, Social Climate Fund, Just Transition, renovation and REPowerEU
Indirect costs
€101.0 bn/yrPrices, productivity and welfare effects citizens absorb.
- Green Deal compliance costs for households and firms€40.0 bn
ETS/ETS2 carbon pricing, building and car directives, CSRD reporting
- Lost labour productivity from heat€22.0 bn
- Higher food prices from failed harvests€15.0 bn
- Rising insurance premiums for households€11.0 bn
- Health costs of heatwaves and air quality€13.0 bn