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In brief | 22 July ‘26
Bloomberg: Heat morphs into a major economic shock for an unprepared EuropeThe region, where temperatures are rising at a pace that’s roughly twice the global average, can no longer afford to ignore the economic impact of global warming, according to economists interviewed by Bloomberg.FT: European heatwave wiped €2bn from value of grain crop, analysis estimatesFrance and Hungary worst hit by lost production of maize and wheat.Reuters: Statkraft CEO sees risk of prolonged higher power pricesThe war in the Middle East combined with low storage levels for both natural gas and in Nordic hydropower reservoirs could see European electricity prices stay elevated for longer, the CEO of Norwegian utility Statkraft said.DW: UK's new PM Andy Burnham cuts household electricity taxBritain's new prime minister Andy Burnham announced that there would be a cut in taxes on household electricity bills, by removing VAT from October 1.ICMM: Competition for water poses risks to the energy transitionNearly two-thirds of mining and metals facilities worldwide are located in areas facing significant physical water risk, according to an analysis by ICMM.
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economictimes.indiatimes.com
Europe heatwave: The thermometer is flashing red for the continent's economy
Europe's heatwave is becoming a growing economic threat as extreme temperatures disrupt transport, reduce labour productivity, damage agriculture and strain power grids.…
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cleanenergywire.org
In brief | 22 July ‘26
Bloomberg: Heat morphs into a major economic shock for an unprepared EuropeThe region, where temperatures are rising at a pace that’s roughly twice the global average, can no…
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tass.com
European heat wave cuts grain harvest value by over 2 bln euros — FT
France accounted for nearly half of the total grain harvest losses
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marketplace.org
The economic costs of Europe's heatwaves
Heatwaves take a tougher toll on already vulnerable populations, like the elderly or people with pre-existing conditions, or people who work outdoors.
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Tallying the costs of Europe's heatwaves
Heatwaves in Europe have been slowing trains, straining power grids, and making it harder for people to work. Today, we’ll discuss the costs.