It is no longer possible to deny the economic impact of climate change, says De Nederlandsche Bank (DNB) President Olaf Sleijpen during a speech in Frankfurt. “We see it, we feel it, we can measure it. This has nothing to do with ideology; this is reality.”Sleijpen referred to the millions of tons of grain that were lost due to the heat this summer. Nearly 9 million tons of grain were lost in Europe this summer because of the heat, according to Coceral, the European association representing the grain trade. The estimated financial loss was around 2 billion euros.