economic losses

Climate change impacts: Drought challenges and economic losses in Serbia

Since the turn of the 21st century, Serbia has grappled with severe episodes of drought and intense rainfall, resulting in substantial economic losses estimated to exceed six billion euros. More than 70% of these losses, totaling over four billion euros, are directly attributed to drought and high temperatures. The increasing frequency of droughts is a stark manifestation of climate change, poised to become a recurring natural phenomenon due to shifting climate conditions. Rising global temperatures accelerate water evaporation from soil…