Lower revenues, pricier loans: how flooding in Europe affects firms and the financial system they depend on

By Serena Fatica, Principal Economist — Team Leader, Joint Research Centre (JRC)

In Europe, the fastest-warming continent, the intensification of extreme weather events and changes in precipitation patterns have led to widespread and catastrophic flooding. Last year, storms and flooding affected an estimated 413,000 people, resulting in the loss of at least 335 lives. Material damage is estimated to amount to at least €18 billion, according to the 2024 European State of the Climate report from the Copernicus Climate Change Service and the World Meteorological Organization.

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~	The use of federal troops to quell Los Angeles protests recalls militarized law enforcement during the Civil Rights Movement

~	South Africa’s cricket team just made history: how the ‘chokers’ became world champions

~	G20 countries could produce enough renewable energy for the whole world – what needs to happen

~	China’s support for Mali’s military carries risks: researcher outlines what they are

~	‘Active breaks’ can combat the health risks of a sedentary lifestyle, but what kind of exercise is best?

~	Plastics threaten ecosystems and human health, but evidence-based solutions are under political fire

~	Decolonizing history and social studies curricula has a long way to go in Canada

~	B.C.’s mental health law is on trial — and so is our commitment to human rights

~	The hidden bias in college admissions tests: How standardized exams can favor privilege over potential

~	When developing countries band together, lifesaving drugs become cheaper and easier to buy − with trade-offs