Key facts
- France experienced a historically hot summer.
- The estimated cost of the hot summer is between €10 billion and €15 billion.
- The cost is equivalent to up to 0.5 percent of France's GDP.
- Environment Minister Monique Barbut provided the estimate.
- The figure is preliminary and based on extrapolations of past heat-related costs.
- The final cost may increase.
France's historically hot summer is expected to result in significant economic costs, with Environment Minister Monique Barbut estimating the total to be between €10 billion and €15 billion. This financial impact is equivalent to as much as 0.5 percent of the country's Gross Domestic Product (GDP). Barbut cautioned that this figure is preliminary and is based on extrapolations derived from past heat-related costs. The minister indicated that the final cost could potentially rise as a more comprehensive assessment is conducted. The summer's extreme temperatures have had widespread effects across the nation, contributing to the rising expenses.