AGP Executive Report
Last update: 3 hours agoHeat & Health: Europe’s back-to-back 2026 heatwaves may have caused at least 35,000 excess deaths, with Germany, France and Spain already reporting over 25,000 linked deaths in incomplete national figures—another stark reminder that global warming is turning extreme heat into a public health emergency. Climate Impacts on Food: The EU Commission says prolonged heat and low rainfall are straining summer crops and fodder across western and central Europe, cutting maize yields in Belgium, the Netherlands, Luxembourg and others, while drought is also reducing pasture and biomass for livestock feed. Farm Support: EU Agriculture Commissioner Christophe Hansen says the Common Agricultural Policy is mobilising billions to help farmers adapt and, where needed, use force majeure and fund reallocation after drought and wildfire damage. Green Finance (Luxembourg listing): Royal Philips priced a €650m EU Green Bond under the new European Green Bond Standard, with proceeds tied to taxonomy-aligned activities and listed on the Luxembourg Stock Exchange. Land Restoration Finance: At UNCCD COP17, governments and partners announced $1.3bn for land restoration and drought resilience, putting rangelands and drought-proofing at the centre of global funding talks.
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