Extreme weather conditions cost EU's transport system at least 15 billion annually

A study carried out by VTT Technical Research Centre of Finland indicates that extreme weather conditions cost EU transport system at least €15 billion a year. Currently, the greatest costs incurred are from road accidents, with the associated material damage and psychological suffering. However, costs arising from accidents are expected to decrease in volume, though time-related costs attributable to delays are projected to increase. In part, this is due to climate change, whose impact on extreme weather phenomena was addressed in the study, and because of consequent costs.

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