Climate change could cost Germany €900 billion – DW – 03/06/2023https://www.dw.com/en/climate-change-could-cost-germany-up-to-900-billion/a-64894677In a paper entitled "Costs of Climate Change Impacts in Germany", the Institute for Ecological Economy Research (IÖW), the Society for Economic Structures Research (GWS) and Prognos AG ran through various scenarios for the period 2022 to 2050, which differed in their severity depending on the extent of global warming.
In the best case of "weak climate change," costs of €280 billion would amount during the time period. However, that figure could range up to €900 billion euros in less favorable scenarios.
According to the models, the average annual costs of extreme events such as heat and floods in Germany would increase by between 1.5 to 5 times per year by 2050.
That could represent a decrease in GDP of 0.6%-1.8% in the year 2050.