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Today: August 16, 2026
August 16, 2026
1 min read

From tourism to power generation and productivity, Europe feels economic cost of heatwaves

Low river levels have stalled German freight traffic and forced closure of nuclear plants in France

Across Europe this scorching summer, workers have struggled in the heat as wildfires raged and critical infrastructure was shut down.

Here we look at the impact of the heatwaves on several major economies across mainland Europe – with the help of analysis from economists at the Dutch bank Triodos, who estimate a total of €180bn could be wiped off EU GDP by the heatwaves. In the UK, the green thinktank Verdant said this week that the heat had already cost the economy £4.4bn by the end of July.

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