France's heatwave this summer could cause economic losses exceeding 10 billion euros.

On August 12, local time, France's Minister for Ecological Transition, Monique Barbier, stated that the economic impacts of climate change are becoming increasingly severe, with direct and indirect economic losses from this summer's heatwave expected to be significantly higher than in 2022. Barbier noted that the direct and indirect losses caused by the drought in France in 2022 were approximately 5.6 billion, a figure that does not yet account for socioeconomic costs such as damage to the tourism industry and health issues. Currently, as the extreme high temperatures this year have not yet ended, the final losses remain difficult to estimate accurately. The National Institute of Statistics and Economic Studies of France has preliminarily estimated that the direct and indirect economic losses from this summer's heatwave could reach between 10 billion and 15 billion. Barbier warned that if France does not further adjust its public policies and strengthen its capacity to adapt to climate change, the related economic costs will continue to rise in the future. Barbier stated that currently, all regions of France have areas that have reached "crisis" level drought, and all regions have implemented varying degrees of water use restrictions.