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Climate change may cost Europe $258.6 billion: Report

July 2, 2014 - 6:00am


Climate damages due to global warming could cost Europe €190 billion ($258.6 billion), a report by the European Union's Joint Research Centre said.

The report said losses from flood damages could surpass €10 billion ($13.61 billion), while in southern Europe 8,000 square kilometers of forest could burn, Energy Live News reported.

The United Kingdom and Ireland would account for 5% of the losses, southern Europe and central southern Europe 70% and northern Europe 1%, the report added.

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