Climate change cost for Greece put at €2 bln per year

Τhe cost of climate change for Greece by the end of the century is estimated at 2.2 billion euros per year, or about 1% of gross domestic product at current values, according to a report by the Bank of Greece and its governor Yannis Stournaras on the environmental, economic and social impacts in Greece.

The forests that burn, the crops that are destroyed, and the tourism that will decrease as temperatures rise are all reflected in this cost.

The report warned that if no action is taken to limit carbon dioxide emissions, Greece risks desertification of about 40%, especially in the eastern and southern parts of the country.

It cited forecasts of temperatures rising by 1.2 to 2 degrees Celsius by mid-century and by 2 to 5 degrees Celsius after 2060, compared to 1971-2000, an increase in heatwave days by 10 to 15 days by 2050 and by 30 to 50 days by 2100....