Climate-related economic losses

The indicator presented in the figure aligns with the EU average, with the notable exception of one significant event in 1999, when a major hurricane struck Denmark, resulting in damages amounting to approximately DKK 13 billion. Excluding this extreme event, the data show a strong correlation with broader trends in climate-related economic losses across Europe. However, the inclusion of this outlier introduces substantial variability, which limits the ability to draw definitive conclusions from the dataset. This underscores the importance of considering a larger dataset to account for such extreme events and reduce inherent uncertainty when interpreting long-term trends in climate-related losses. The trends do not align towards the end of the dataset, which may indicate that economic losses are unevenly distributed across Europe.

No general national data are currently available on the total and insured economic losses or the number of fatalities from weather- and climate-related events in Denmark, but estimations shows that, in addition to natural disasters, annual flood damage costs are expected to increase significantly over the next 100 years unless climate adaptation measures are taken.