German economy faces €25 billion in lost output from this summer’s heat wave

A captivating view of the Berlin TV Tower framed by trees during a beautiful sunset in Germany.

Germany is set to face as much as €25 billion in lost output from the 2026 heat wave, a new joint study from Allianz and Allianz Trade has found. The study, the Allianz Climate Risk Tracker, assessed the level to which heat waves have contributed to ...

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