A major new report has shone a light on the true cost of climate change to economies across the EU.  The report from the New Economics Foundation (NEF), has warned the European Commission’s official debt projections - the so-called Debt Sustainability Analysis - massively underestimate the scale of German and EU debt in relation to gross domestic product (GDP) over the coming decades because they ignore the economic impact of the climate crisis. It added debt-to-GDP ratios across the European Union (EU) would be 58 percentage points higher than official projections by 2050 if member states fail to increase investment to fight the climate crisis. [...]