Climate change may cost Europe $258.6 billion: Report
Posted On: Jul. 2, 2014 12:00 AM CSTClimate 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.