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Insights > On Global Markets > Europe's Extreme Weather

Europe's Extreme Weather

On Global Markets, 11 September 2026.
Kent A. Clark Center for Global Markets, Chicago Booth
Kent A. Clark Center for Global Markets, Chicago Booth

The UK set heat records and Europe's four back-to-back heatwaves brought at least 35,000 excess deaths.

Almost 70% of the European Panel expect upward revisions to near-term estimates of the cost of physical climate risk. A 48% plurality were uncertain whether the heat will move votes towards stronger climate policy, and a majority said rising insurance premiums would show the risk had been underpriced.

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