Warning from Europe's hot summer

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      <subfield code="a">The article examines the growing economic and financial consequences of climate change in Europe, focusing on the impact of heatwaves, droughts and wildfires on economic activity, energy systems and inflation. It highlights the need to strengthen climate resilience, expand insurance coverage against natural catastrophes, develop more flexible and integrated clean-energy systems, and mobilise private investment to reduce the economic costs of increasingly frequent extreme weather events</subfield>
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