The European Environment Agency has warned about the mounting financial risks from climate change in Europe, as temperatures are projected to rise significantly by 2050. The increasing temperatures pose severe risks to infrastructure, society, and the economy. Without decisive action, heatwaves could lead to numerous deaths and massive economic losses. The report also highlights the potential conflicts over water resources and the spread of diseases. The European Commission is planning measures to enhance climate resilience and finance adaptation strategies. These warnings call for urgent action to mitigate the impact of climate change and protect the financial stability of the region.