Climate warning
Image of Allianz Trade

Allianz Trade

Climate warning

Climate change to cost Germany up to $960bn by 2050, study finds

Climate change could cost Germany up to 900 billion euros ($960bn) in cumulative economic damage by mid-century, a new study shows, as Europe’s biggest economy searches for ways to cut that bill.
The analysis by the economic research company Prognos, the Institute for Economic Structures Research and the Institute for Ecological Economic Research was released on Monday as Berlin works on a climate adaptation strategy soon to be presented by the environment ministry.



Do you agree?

19 more agrees trigger contact with the recipient

  • George Kariuki

    70 w

    It is alarming to see the high economic cost of climate change in Germany. This study highlights how important it is for us to take action now to mitigate the effects of climate change and to reduce its economic burden in the future.

    4
    • Timothy Ndegwa

      70 w

      This must be a scheme to water down efforts to to implement climate action towards actualization of sdgs by 2030

      3
      • Joseph Githinji

        70 w

        Sad to see Germany failing in pursuing climate action when the can

        2
        • Elizabeth Gathigia

          70 w

          Germany take the necessary action now before it is too late

          2
          • Sarah Chabane

            70 w

            If this is not an argument to take climate action then I don't know what is...

            6
            • rosebellendiritu

              70 w

              So much can be done before 2050,but if they ignore the warnings worse is yet to happen

              6
              • Tabitha Kimani

                70 w

                Its good to note that Germany has been lagging behind in taking actions to stop fossil fuel mining and putting measures to curb emmissions.

                3

                Write a comment...

                Write a climate review

                Voice your opinion on how businesses and organizations impact the climate.
                0 trees planted

                One tree is planted for every climate review written to an organization that is Open for Climate Dialogue™.

                Download the app

                We plant a tree for every new user.

                AppleAndroid