Heatwaves and energy crunch: Can Europe withstand a double shock?

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Western Europe has experienced its hottest June-to-July period on record, with satellite images showing the devastating impact of heatwaves and wildfires across the continent. *The EU's climate monitoring service, Copernicus, confirmed this record-breaking temperature.* Heatwaves have been caused by persistent high-pressure weather systems, but climate change is making hot spells more likely and intense.* Rivers, such as the Danube, are running at their lowest levels in 30 years, while wildfires have left scorched areas and green fields turned arid. The Palace of Versailles, near Paris, appears as an island of trees surrounded by brown fields. The economic impact is significant, with estimated losses reaching $209 billion this year, or 1% of EU GDP.* Economists warn that extreme heat is becoming an economic risk, affecting output, tourism, food prices, insurance, and public budgets.