On August 12, local time, French Minister of Ecological Transformation Monique Barbi said that the economic impact of climate change is getting worse, and the direct and indirect economic losses caused by the summer heatwave this summer are expected to be significantly higher than in 2022. Balbi said that direct and indirect losses due to the 2022 French drought are about 5.6 billion euros. This figure does not include social and economic costs such as damage to tourism and health problems. Currently, since this year's extreme heat is not over, the final loss is still difficult to accurately estimate. The French National Institute of Statistics and Economics estimates that direct and indirect economic losses due to this summer's heatwave could reach 10 to 15 billion euros. Balbi warned that if France does not further adjust public policies and strengthen its ability to adapt to climate change, related economic costs will continue to rise in the future. Balbi said that at present, all regions in France have reached the “crisis” level of drought, and all regions have now implemented water restrictions of varying degrees.

On August 12, local time, French Minister of Ecological Transformation Monique Barbi said that the economic impact of climate change is getting worse, and the direct and indirect economic losses caused by the summer heatwave this summer are expected to be significantly higher than in 2022. Balbi said that direct and indirect losses due to the 2022 French drought are about 5.6 billion euros. This figure does not include social and economic costs such as damage to tourism and health problems. Currently, since this year's extreme heat is not over, the final loss is still difficult to accurately estimate. The French National Institute of Statistics and Economics estimates that direct and indirect economic losses due to this summer's heatwave could reach 10 to 15 billion euros. Balbi warned that if France does not further adjust public policies and strengthen its ability to adapt to climate change, related economic costs will continue to rise in the future. Balbi said that at present, all regions in France have reached the “crisis” level of drought, and all regions have now implemented water restrictions of varying degrees.