Summit Voice: Inaction on climate change is probably the costliest option for the European Union, which could not only see direct costs of EUR190 billion, but also a net loss of 1.8 percent of its current GDP. Premature mortality accounts for more than half of the overall welfare losses (EUR120 billion), followed by impacts on coasts (EUR42 billion) and agriculture (EUR18 billion).
“No action is clearly the most expensive solution of all. Why pay for the damages when we can invest in reducing our climate impacts…

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