Drought threatens Europe

Increasing droughts in Europe will result in heavy losses in assets and experience to the region in the future.

Reinsurance SwissRe and the Swiss Federal Institute of Technology have just released a warning report based on increasing data on insurance claims for housing and land in Europe.

Droughts threaten the European economy. Photo: AFP.

According to the organization's forecast, in the coming years, when the temperature of the earth increases and the rainfall is less, the loss of assets in the European region in the period of 2021-2040 will increase by 50%.

" Long dry season, causing more cracks in the earth, more dangerous, this phenomenon will affect the foundations of large houses and industrial buildings. It may even cause many buildings to collapse. " , AFP quoted the report.

"In France alone, the economic loss caused by drought-stricken land has increased by 50% since 1990, with 240 million euros ($ 494 million) a year, " the study said.

Since early June, meteorological agencies in many European countries have simultaneously warned of the risk of widespread drought when they are facing the worst drought in 50 years.

This unusual drought caused many power plants to stop generating electricity, waterway operations were interrupted, and at the same time threatened to lose crops to agricultural production in Europe.