Ban Ki Moon
Cities must adapt or face future annual losses in the thousands of millions
Under certain assumptions, for a warm year in the period 2081-2100, estimated losses by heat to the urban economy in the absence of adaptation could correspond to around €1,900 million for London, €669 million for Antwerp, and €2,500 million for Bilbao, based on 2005 prices.
More details can be found in the report Economic costs of climate change in European cities.
The first RAMSES Policy brief summarises the most relevant findings of the project so far drawing high-level policy recommendations from them