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Cheers To 2025? Sparkling Wine Production And Exports In The EU Decline By 8%

As the New Year has already passed, many had eagerly anticipated a glass of bubbly to ring in the celebrations. However, this year, fewer bottles were available for toast, as production and exports of sparkling wine from the EU saw a sharp decline in 2023 due to the impact of extreme weather on vineyards.

According to the latest Eurostat data, the EU produced 1.496 billion litres of sparkling wine in 2023, a decrease of 8% compared to the previous year. Italy remained the leader in production, contributing 638 million litres, followed by France with 312 million litres and Germany with 263 million litres.

In terms of exports, the EU shipped 600 million litres of sparkling wine to non-EU countries in 2023, marking another 8% drop. Italy’s Prosecco claimed the top spot in exports, representing nearly half of the total, while French Champagne followed at 15%, Spanish Cava at 10%, and sparkling wines from fresh grapes at 17%.

Climate Change’s Role In Production Decline

One of the key factors behind the production slump is the changing climate. Heavy rains, droughts, and storms, all exacerbated by climate change, are having a direct impact on vineyards, altering the taste of wine and, in some cases, threatening the very existence of certain varieties.

In Italy, extreme weather events and soil degradation have led to reduced grape yields, endangering Prosecco production, which is expected to decline by up to 20%. Similarly, Spain’s Cava is facing challenges from severe droughts, particularly in Catalonia, where many villages depend on water-intensive viticulture. Despite hopes that 2025 will bring more rainfall, major producers are urging the Spanish government to adopt irrigation solutions and other measures to address the growing threat of water shortages.

In response to the region’s chronic water shortages, Catalonia’s regional government has unveiled a €2.3 billion investment plan, set to span until 2040. The plan includes a €200 million seawater desalination plant on the Costa Brava, but financial backing from the Spanish government will be crucial for its success.

AI Startup InsureVision Secures $2.7M To Predict Car Crashes Before They Happen

Imagine a world where your car doesn’t just react to accidents—it predicts them before they unfold. That’s the bold vision behind InsureVision, a London-based AI startup that just closed a $2.7 million seed round to turn predictive crash prevention into reality.

Why This Matters

Backing from State Farm Ventures, Rethink Ventures, and Twin Path Ventures signals serious industry confidence. State Farm, one of the world’s largest insurers, rarely bets on early-stage startups, making its participation a major endorsement of InsureVision’s tech.

The Tech: AI That “Sees” Like A Human

Founded in 2023, InsureVision has built an AI system designed to process real-time video from standard car cameras—an approach they call “enviromatics.” Unlike conventional GPS-based trackers that assess risk through raw data points like speed and braking, InsureVision’s AI interprets the full driving environment.

Here’s the difference:

  • Traditional systems might flag sudden braking as reckless.
  • InsureVision’s AI understands that a pile-up ahead is the real risk and recognises defensive driving rather than penalising it.

Who’s Buying In?

The advanced car safety tech market is projected to grow from $21 billion today to $40 billion by 2030, and InsureVision wants a sizable cut. Its AI could reshape risk assessment for:

  • Insurance companies offering personalised pricing based on actual driving behaviour.
  • Fleet operators (think Uber, logistics firms) seeking real-time risk monitoring.
  • Automakers integrating AI-driven safety features to comply with evolving regulations.

Next Steps

Trials with major U.S. insurers are underway, with Japan next in line for expansion. Results from these pilots are expected by mid-2025.

“We’ve built a vision transformer—an AI that learns from what it sees, not just mechanical data like speed or acceleration,” says CEO Mark Miller. “This brings real-world context into risk assessment, making it a fundamentally more human approach.”

For investors and industry insiders, the bet is clear: If InsureVision delivers, it won’t just improve road safety—it could redefine the economics of auto insurance.

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