The European Commission said the droughts will cause the EU's economic growth to shrink by 7% by the end of the century.
The European Commission has predicted conflicts between EU countries due to the shortage of water resources. The EC admitted that frequent droughts may cause a 7% decline in the growth of European economies by the end of the century.
Due to water scarcity, competition for water resources between sectors and uses may intensify, including the potential risk of conflicts within and between EU member states over transboundary water resources, Politico writes, citing a confidential document.
The European Commission plans to urge EU countries to accelerate preparations to combat climate change.