KAZALCI OKOLJA
  1. Home
  2. Podnebne spremembe
  3. Climate change adaptation
  4. Economic losses from climate-related extremes

[PP01] Economic losses from climate-related extremes
Impacts

Key message
Bad

Between 1980 and 2019, extreme events related to climate change in the EEA Member States resulted in an economic loss of EUR 446 billion. Climate extremes are becoming more common. Without further action, even greater economic damage is expected in the future. It is also increasing in Slovenia. The difference between the period 1980-2015 and 1980-2019 is as much as € 0.35 million. 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 effects of climate change.

Charts

Figure PP01-1: Insured and total damage due to extreme weather and climatic conditions, Slovenia, 1980-2019
Sources:

EEA, 2017a-2020 (19. 04. 2021)

Note:

For each period, the EUR currency is as it was in the year under review (2015, 2016, 2017, 2019)

Show data
Impact Unit 1980 - 2015 1980 - 2016 1980 - 2017 1980 - 2019
Total Losses million € 1470,00 1630,00 1690,00 1819,00
Insured losses  million € 188,00 200,00 203,00 226,00
Figure PP01-2: Damage per square km and damage per capita, Slovenia, 1980-2019
Sources:

EEA, 2017a-2020 (19. 04. 2021)

Show data
Impact Unit 1980 - 2015 1980 - 2016 1980 - 2017 1980 - 2019
Losses million € 1471 1630 1690 1819
Loss per sq. km  € 73800 81700 84600 89750
Loss per capita  € 726 804 834 909
Figure PP01-3: Impacts of extreme weather and climate related events in the EEA member countries and the UK (1980-2019)
Sources:

EEA, 2020 (19. 04. 2021)

Note:

Figures in million euros at 2019 prices are based on records from the NatCatService provided by Munich Re (dataset url is not available) and Eurostat structural indicators.

Show data
Impact Unit Liechtenstein Iceland Estonia Malta Cyprus Latvia Luxembourg Lithuania Slovakia Slovenia Finland Bulgaria Croatia Norway Turkey Sweden Ireland Belgium Hungary Portugal Greece Netherlands Denmark Czechia Romania Austria Poland Switzerland Spain United Kingdom France Italy Germany
Loss in millions of € million € 6 95 137 149 393 705 954 1398 1750 1819 2037 2758 3202 3697 3862 4205 4617 5000 6362 7591 7689 9205 10810 11991 12118 15415 15966 19108 45329 53605 67524 72534 107445
Figure PP01-4: Economic damage caused by weather and climate-related extreme events in Europe (1980-2019)
Sources:

EEA, 2020 (19. 04. 2021)

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 (2019 values), are based on records from the NatCatService provided by Munich Re (dataset url is not available)) and Eurostat structural indicators.

 

- Meteorological events: storms;

- Hydrological events: floods, mass movements;

- Climatological events: heatwaves, cold waves, droughts, forest fires.

Show data
Event Unit 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Meteorological events EUR million (2019 values) 121 2254 2292 900 3948 618 2571 3202 391 754 14962 296 2236 2775 1455 775 979 1723 1558 26110 1422 2112 5802 2369 3091 6661 2531 9197 4556 7389 6379 3219 702 10535 5105 4731 2679 5323 9356 7684
Hydrological events EUR million (2019 values) 104 357 4031 7146 623 21 146 6742 1015 746 1972 846 1672 4194 14383 3951 1775 10783 2635 3472 15029 1580 25492 1783 332 7453 1027 704 912 1590 9536 3556 595 11689 4560 2611 6388 1494 869 5018
Climatological events EUR million (2019 values) 3286 19 7220 4332 0 2320 3110 2365 2654 2950 4296 1100 8365 72 612 1153 466 2176 860 5472 2713 537 1 17709 0 3670 3156 2558 36 381 1064 508 3909 765 1396 2309 752 6874 4514 601

Methodology

Date of data source summarization

Related indicators

Last modified
27.04.2021
Author(s)

Nataša Kovač, Mojca Rajh, Slovenian Environment Agency