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[PP01] Economic losses from climate-related extremes
Impacts

Key message
Bad

Between 1980 and 2021, extreme events related to climate change in EU-27 resulted in an economic loss of EUR 560 billion, of which EUR 56.6 billion from 2021. Climate extremes are becoming more common. Without further action, even greater economic damage is expected in the future. This trend is also noticeable in Slovenia. The difference between the period 1980-2015 and 1980-2021 is as much as € 2,38 billion. In comparison to the previous period 1980-2020, the difference is € 1,01 billion. With a purpose of adaptation, the EU has adopted a climate strategy aimed at building resilience and ensuring that Europe is well prepared to manage risks and adapt to the impacts of climate change.

 

Charts

Figure PP01-1: Insured and total damage due to extreme weather and climatic conditions, Slovenia, 1980-2021
Sources:

EEA, 2023

Show data
Total Losses[million €] Insured losses [million €]
1980-2021 3848 3082
1980 - 2020 3747 1603
1980 - 2019 1819 226
1980 - 2017 1690 203
1980 - 2016 1630 200
1980 - 2015 1470 188
Figure PP01-2: Damage per square km and damage per capita, Slovenia, 1980-2021
Sources:

EEA, 2023

Show data
Loss per sq. km [€] Loss per capita [€]
1980 - 2015 73800 726
1980 - 2016 81700 804
1980 - 2017 84600 834
1980 - 2019 89750 909
1980 - 2020 184825 1870
1980 - 2021 189819 1918
Figure PP01-3: Impacts of extreme weather and climate related events in the EEA member countries (1980-2021)
Sources:

EEA, 2023

Show data
Losses [million €]
Germany 150519
France 106278
Italy 91578
Spain 64864
Switzerland 16795
Poland 16362
Czechia 15344
Romania 14614
Portugal 13662
Belgium 13067
Austria 12382
Greece 11180
Netherlands 10117
Denmark 8406
Hungary 6194
Türkiye 4929
Bulgaria 4036
Slovenia 3848
Sweden 3704
Ireland 2998
Croatia 2956
Finland 2173
Norway 2036
Slovakia 1566
Lithuania 1452
Latvia 1049
Luxembourg 809
Cyprus 397
Estonia 263
Malta 51
Iceland 22
Liechtenstein 1
Figure PP01-4: Economic damage caused by weather and climate-related extreme events in Europe (1980-2021)
Sources:

EEA, 2023

Note:

For the purposes of this indicator, weather and climate-related extreme events are defined as meteorological events (storms), hydrological events (floods, mass movements) and climatological events (heatwaves, cold waves, droughts, forest fires). 

 

Total economic damages, in million euros (2021 values), are based on records from the CATDAT provided by RiskLayer (dataset url is not available)) and Eurostat structural indicators.

Show data
Climatological events[EUR million (2019 values)] Hydrological events[EUR million (2019 values)] Meteorological events[EUR million (2019 values)]
1980 3.36 2.65 0.02
1981 3.50 1.38 1.02
1982 4.62 4.53 0.01
1983 0.46 17.73 0.22
1984 0 0.93 6.80
1985 1.77 1.36 0.02
1986 2.46 0.42 0.25
1987 1.22 6.81 7.14
1988 0 1.03 0.30
1989 2.42 0.83 1.52
1990 11.18 2.09 14.71
1991 1.27 1.11 0.08
1992 3.15 2.79 0.77
1993 0 2.98 1.72
1994 0.07 17.54 1.25
1995 1.16 1.28 2.90
1996 0.63 2.33 0.36
1997 1.48 11.25 0.22
1998 2.20 1.96 0.85
1999 4.66 4.26 24.57
2000 2.64 16.06 0.72
2001 0.02 2.62 1.59
2002 0.34 34.74 4.90
2003 20.08 4.07 0.41
2004 1.46 0.49 2.19
2005 6.73 6.87 4.87
2006 1.03 0.89 1.77
2007 1.54 0.71 7.84
2008 0.25 1.54 3.42
2009 0.37 1.39 5.96
2010 0.12 11.27 5.97
2011 0.79 4.29 1.32
2012 1.40 0.81 1.61
2013 0.01 11.69 11.49
2014 0.12 5.21 6.70
2015 3.06 3.84 3.38
2016 1.17 7.10 1.54
2017 16.23 2.20 9.98
2018 6.48 1.75 14.38
2019 7.73 8.36 7.75
2020 1.63 3.43 7.41
2021 0.58 43.18 12.76

Methodology

Date of data source summarization
Other sources and literature

  1. Climate-ADAPT,2020.  ‘EU adaptation strategy’, Climate-ADAPT.
  2. EC, 2018. ‘EU is ready for climate impacts: Commission evaluates its strategy’,  European Commission.
  3. EC, 2020. Adaptation to climate change — Blueprint for a new, more ambitious EU strategy European Commission, Brussels.
  4. EC, 2021. ‘EU adaptation strategy’, European Commission. 
  5. EEA, 2017a. Economic losses from climate-related extremes in Europe.
  6. EEA, 2017b. Climate change adaptation and disaster risk reduction in Europe – Enhancing coherence of the knowledge base, policies and practices. EEA Report, No 15/2017.
  7. EEA, 2018. Economic losses from climate-related extremes in Europe.
  8. EEA, 2019. Economic losses from climate-related extremes in Europe.
  9. EEA, 2020. Economic losses from climate-related extremes in Europe.
  10. EEA,2022. Economic losses from climate-related extremes in Europe.
  11. EEA, 2023. Economic losses from climate-related extremes in Europe.
  12. IPCC, 2013. Climate change 2013: The physical science basis  - Contribution of Working Group I to the Fifth Assessment Report of the Intergovernmental Panel on Climate Change, Cambridge University Press, New York, NY.
  13. IPCC, 2014. Climate change 2014: Impacts, adaptation and vulnerability - Part B: Regional aspects. Contribution of Working Group II to the Fifth Assessment Report of the Intergovernmental Panel on Climate Change, Cambridge University Press, Cambridge.
  14. UN, 2015. Sendai Framework for Disaster Risk Reduction 2015-2030, United Nations.

Related indicators

Last modified
10.05.2023
Author(s)

Nataša Kovač, Slovenian Environment Agency