Europe's 2026 heatwaves inflict €113B in damages, straining budgets and insurers

Heatwaves across Europe this year have caused €113 billion in combined losses across production, agriculture, energy, and transport sectors, according to Al Jazeera. The figure, likely an estimate, underscores the mounting economic toll of climate extremes and raises concerns about fiscal pressure and insurance market stability as further climate events loom. The report does not specify the methodology or breakdown, so the exact attribution remains uncertain.