Climate-related agricultural losses in the EU are estimated at around €28.3 billion per year.

Omissions

• The €28.3 billion figure comes from a specific EIB/Howden study (published May 2025) based on historical data, not a Eurostat statistic; the MEP did not cite the source.
• The same study notes that around 70% of these losses are not covered by insurance or compensation, and projects that average crop losses could rise by up to 66% by 2050 without stronger climate action — context relevant to the broader argument.

Sources

• PrimaryEuropean Investment Bank (EIB) — press release / studyAcross the 27-nation EU, climate-induced losses for the agricultural sector average €28.3 billion a year, according to the study. The European Union agricultural sector loses more than €28 billion a year, on average, as a result of adverse weather such as droughts and other climate extremes.
• SecondaryReutersThe European Union's agriculture sector loses an average of 28.3 billion euros ($31.9 billion) each year from extreme weather made worse by climate change.