Climate change to cost Germany up to 900 billion euros by 2050 - study


FILE PHOTO: Caravans are destroyed in an area affected by floods caused by heavy rainfalls in Kreuzberg, Germany, July 19, 2021. REUTERS/Wolfgang Rattay/

BERLIN (Reuters) - Extreme weather caused by climate change could cost Germany up to 900 billion euros in cumulative economic damage by mid-century, a study showed on Monday, as Europe's biggest economy seeks climate adaptation measures to cut the damages bill.

The study, by economic research companies Prognos and GWS and Germany's Institute for Ecological Economic Research, comes as Berlin works on a climate adaptation strategy soon to be presented by the environment ministry.

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