Study: Climate Change Cost Europe Over $50 Billion in 2025

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Above: The aftermath of a wildfire in San Vicente de Leira, Ourense province, Galicia region, Spain, on Aug. 20, 2025. Image copyright: Felipe Carnotto/Anadolu/Getty Images

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The Spin

Climate activist narrative

This study proves that climate change has transitioned from a future threat to the present economic reality across Europe. The staggering losses referenced in the report can only be prevented if European countries can successfully stabilize the climate by drastically reducing emissions through immediate action, lest they suffer even greater damage in the future.

Energy & Climate Intelligence Unit European Central Bank

Climate-skeptic narrative

The threat of climate change has been deliberately exaggerated by politicians and experts alike to justify their alarmist policies, including raising taxes, stifling free speech and increasing government control over the populace. Interestingly enough, these "solutions" always appear to favor radical left-wing ideology, the same creed that these parties abide by.

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