Developing scenario analyses, in turn, could feed into stress-test exercises on macroeconomic variables. And we must do it faster, and in a smarter and more systemic way. In addition, the Recovery and Resilience Facility will not support measures that do significant harm to the environment. The Commission will continue to update this guidance and extend to existing infrastructure and promote its use beyond EU funding. Water cycle and temperature changes, or sea level rise will put ecosystems under additional stress. , the Common Agricultural Policy, the LIFE Programme, and the Recovery and Resilience Facility. ohelp to close knowledge gaps on climate impacts and resilience, including on oceans, through Horizon Europe, Digital Europe, Copernicus and EMODnet; oimprove the state of the art on adaptation modelling, risk assessment and management tools towards asset-level modelling. Climate-related disaster loss data could also be considered as high value datasets in future revisions of the implementing act of the Directive on open data and the re-use of public sector information. Such solutions would have to work on a timescale and with resources available for the financial sector, SMEs or small farmers, and draw on essential data from Copernicus and other sources. migration, conflict, displacement), ecosystems (e.g. The EU can also learn from others: many of our international partners have long been on the frontlines of climate change and have valuable experience that can help Europe become more climate resilient. The Commission will facilitate cooperation and discussion on best practices between the insurance sector, s stakeholders and strengthen the dialogue between insurers, reinsurers, public authorities, and other stakeholders, such as real-estate developers and infrastructure operators in the case of the built environment. Over the period 2014-2019, the EU mobilised approximately EUR 3.4 billion to support climate adaptation in the region. The climate protection gap is the share of non-insured economic losses caused by climate-related disasters. 72 External action must target adaptation more effectively, through a humanitarian-development-peace nexus approach to reach the most exposed, vulnerable, conflict-prone or marginalised communities, leaving no one and no place behind. services, and improve compliance with Water Framework Directive requirements for good ecological status. The Commission will continue to actively mainstream climate resilience considerations in all relevant policy fields applicable to both the public and the private sectors. To update existing standards on the safety and performance of infrastructure and equipment for future climate conditions. Through information services such as those provided by Copernicus, it could support partner countries in managing natural resources, assess climate risks and prepare adequate responses. This includes in agriculture the sustainable (re-)use of water, soil management and vegetation cover, drought resistant crops, vertical farming, or even land use planning and restoration of damaged areas. ohelp ensure climate-resilient, sustainable use and management of water across sectors and borders by improving coordination of thematic plans and other mechanisms, such as water resource allocation and water-permits; ohelp reduce water use by raising the water-saving requirements for products, encouraging water efficiency and savings, and by promoting the wider use of drought management plans as well as sustainable soil management and land-use; ohelp to guarantee a stable and secure supply of drinking water, by encouraging the incorporation of the risks of climate change in risk analyses of water management. Providing a high share of climate finance within EU international cooperation, and specifically towards adaptation, has earned the EU international praise, and it is important to maintain in the future. The Commission has developed extensive climate proofing guidance for new major infrastructure projects. To engage and empower individual Europeans to take direct adaptation action, the Commission will use the European Climate Pact initiative and Education for Climate Coalition This new strategy builds on that experience, increases ambition, and expands to cover new areas and priorities. 49 Regional and local-level adaptation will also benefit, while the European Climate Pact, itizens, who will play a key role in the success of the adaptation strategy. , targeted support under Cohesion Policy programmes, and support for investments, eco-schemes and advisory services in the Common Agricultural Policy. Ultimately, the mechanism this strategy puts in place will lead to national-level assessments of insurance penetration rates and recommendations to improve them. 65 To minimise the risk of disasters and be cost-effective over its lifetime, infrastructure investments should be climate resilient. shared river basins, the ocean, and Polar Regions), and economies (e.g. The gravity of the adaptation challenge makes it a whole-government and whole-society endeavour. All Member States now have a national adaptation strategy or plan; adaptation has been mainstreamed into the EUs policies and long-term budget; and the Climate-ADAPT platform, has become a key reference for knowledge on adaptation. It will boost the exchange of knowledge, good practices and solutions, including from EU-funded projects, reaching out to and involving a growing network of users. 11 Halting all greenhouse gas emissions would still not prevent the climate impacts that are already occurring. To address the shared challenges of interconnected societies (e.g. This has caused a surge in the number of, and damages from, disasters over the last two decades solar panels or thermal insulation after hailstorms. This is of urgent relevance for outermost regions and Overseas Countries and Territories, which already face stark adaptation challenges. See for example. osubmit the EU's adaptation plans and actions under the Paris Agreement; odeepen political engagement on climate change adaptation with international and regional partners, and partner countries; oincrease the pool of knowledge and tools on adaptation available to non-EU countries and promote adaptation in Green Alliances and partnerships. For drinking water, promoting residential water saving, or additional supply and storage infrastructure. . Due to the changing climate, many European regions are already facing more frequent, severe, and longer lasting droughts. The EU increased the spending target for climate action to 30% in its long-term budget for 2021-2027, with adaptation as a key component. not only a matter of solidarity, but also of open strategic autonomy and self-interest for the EU and its Member States. The EU and Global Covenant of Mayors will be strengthened to assist local and regional authorities. Therefore, the knowledge base required to inform effective action is extensive. Even drastic temporary decreases of emissions, like those caused by the 2008 financial crisis or the economic disruption from the COVID-19 pandemic, have little effect on the overall trajectory of global warming. Similarly, data collected in public private partnerships will be made as accessible as possible. Member States are implementing integrated river basin management through the Water Framework Directive, and some have adopted Drought Management Plans for vulnerable river basins. Given the systemic nature of adaptation policy, adaptation action will be implemented in an integrated manner with other European Green Deal initiatives such as the Biodiversity Strategy, Renovation Wave, Farm to Fork Strategy, the Circular Economy and Zero Pollution Action Plans, Forest Strategy, Soil Strategy, Smart and Sustainable Mobility Strategy, and Renewed Sustainable Finance Strategy. Africa is one of the most vulnerable continents due to its high exposure and low adaptive capacity (, Towards a comprehensive Strategy with Africa. It is vital for the private and public sectors to work together more closely, in particular on financing adaptation. Solidarity across and within Member States is essential to achieving resilience in a just and fair way. With global warming at 3C, droughts would happen twice as often and the absolute annual drought losses in Europe would increase to EUR 40 billion/year, with the most severe impacts in the Mediterranean and Atlantic Regions. Climate impacts pose destabilising risks to assets and to business. The effects on production capacity may have a negative impact on economic growth. Improving adaptation strategies and plans. It shows EU leadership in preventing the worst, by committing to climate neutrality, and in preparing better, by pointing to more ambitious adaptation action that builds on the 2013 EU Adaptation Strategy The climate protection gap is the share of non-insured economic losses caused by climate-related disasters. The strategy, with the focus and the tools it provides, will support the private sector to identify risks and steer investment towards action on adaptation and resilience (and avoid maladaptation). 36 Nature-based solutions are particularly well suited for climate resilience to water impacts. The long-term vision is that in 2050, the EU will be a climate-resilient society, fully adapted to the unavoidable impacts of climate change. The Commission will facilitate the broadening of the supply of suitable high-quality plant reproductive material to support adaptation in agriculture, forestry, and land ecosystem management. This will build on existing initiatives and instruments such as the EIP-SCC Marketplace Funding for climate adaptation averaged some EUR 25 billion a year in 2017 but needs are estimated to be ten-fold As the strongest proponent of ambitious international action under the Paris Agreement, we will continue to answer to renewed calls for more multilateralism. All data from EU scientific lighthouses such as Copernicus and the European Marine Observation and Data Network (EMODnet) are freely and openly available to all users worldwide. In agriculture, a knowledge-based approach, as well as both high tech and nature-based solutions are necessary to ensure a sustainable use of water. This may require an additional upfront cost of ~3% of, but resilience investments have a cost-benefit-ratio of about 1:4, . To help them move from planning to action, the EU will pilot a policy support facility to assist authorities under the EU Covenant of Mayors. The scale and nature of the spending, also from the national budgets, heightens the importance of building back better. This will include best practices in financial instruments to manage temporary risks, whether market or climate-induced, and the potential of novel and innovative risk transfer solutions Europe is rising to meet the climate challenge. Climate change multiplies the threats to international stability and security, which affect in particular people in already fragile and vulnerable situations. . For this reason, climate change adaptation is an integral part of the European Green Deal and its external dimension, and firmly anchored in the proposed European Climate Law. One of the proposed Horizon Europe Missions will be on Adaptation to Climate Change, including Societal Transformation 25 Whenever relevant, EU and Member State policymaking should apply the following policy coherence principles: ensure that regulation and funding take into account disaster risk to avoid creating new exposure; reduce existing risk by building up resilience, prevention and preparedness; manage residual risk. Data on climate-related risk and losses 79 The EU has extensive experience in implementing adaptation policies. Pushing the frontiers of knowledge on adaptation, Decision-making and acting in the face of climate uncertainty can be facilitated by anchoring decisions in the latest science. The new Strategy seeks to step up action across the economy and society to bring us towards the 2050 vision for climate resilience, while increasing synergies with other policy areas such as biodiversity. 4.Pushing the frontiers of knowledge on adaptation. The European Council has concluded that climate change is, The EU endorsed the 2020 Leaders Pledge for Nature. 54 To that end, the Commission will promote a wider use of drought management plans, measures to increase the water retention capacity of soils and safe water reuse. The choices we make today must create a better world. . People, planet and prosperity are vulnerable to climate change, so we need to prevent the un-adaptable and adapt to the un-preventable. The impacts of climate change have knock-on effects across borders and continents. They produced guidance for standard writers and initiated an update of 12 infrastructure standards as a pilot. It is therefore important to examine and promote natural disaster insurance penetration in Member States and to promote national insurance disaster schemes that encourage users to invest in adaptation. They produced guidance for standard writers and initiated an update of 12 infrastructure standards as a pilot, . , to tackle jointly the climate and biodiversity crises. Using nature-based solutions inland, including the restoration of the sponge-like function of soils, will boost the supply of clean, fresh water and reduce risk of flooding. To that end, the Commission will promote a wider use of drought management plans, measures to increase the water retention capacity of soils and safe water reuse. European regions and citizens are directly affected by climate change, for example through job losses in climate-affected sectors such as agriculture, fisheries, and tourism. Particular attention is needed to ensure that financial resources reach the most vulnerable communities in developing countries, such as those with a traditionally limited institutional capacity to absorb international financial resources, particularly in fragile and conflict-affected countries. At individual level, over 93% of Europeans consider that climate change is a serious problem, and 70% agree that adapting to climate change is positive. Specific, tailored measures are needed to address the disproportionate impact climate change has on vulnerable groups and on human rights. 55 Climate change related health threats are increasing; they are serious and can only be addressed across borders. Accelerating the rollout of adaptation solutions, The lack of access to actionable solutions is one of the main barriers to adaptation, . industrial plants. For instance, the disruption of port infrastructure could hamper or even close down trade routes, both for commodities and goods, with potential cascading effects across international supply chains. It will also help correct the misperception that adaptation is solely a cost - it is an investment. 52 A climate emergency has been recognised by the European Parliament, by several Member States, and by over 300 cities. The Commission and the participating countries and regions will also stimulate cooperation across borders through the EU macro-regional strategies cooperation frameworks, and sea-basin and other maritime strategies. Advances will be needed, for example on modelling to more accurately estimate future damage and customise adaptation measures, on understanding the health implications, the cascading effects from simultaneous or sequential climate impacts, or tipping points in Earth systems. 20.Strengthen global engagement and exchanges on adaptation. It will also use external policy instruments to promote their international uptake. As the strongest proponent of ambitious international action under the Paris Agreement, we will continue to answer to renewed calls for more multilateralism. Europe needs to leverage more investments in nature-based solutions to generate gains for adaptation, mitigation, disaster risk reduction, biodiversity, and health. In line with the UNs New Urban Agenda, the EU will step up its support to local authorities. More and better climate-related risk and losses data, are crucial to improve the accuracy of climate risk assessment. The Commission will address improving water efficiency and reuse by raising the requirements for products subject to eco-design and energy labelling, energy production, housing and buildings, and agriculture, and will look at how to improve water savings in. The EU will implement the Green Agenda for the Western Balkans and strong partnerships with its neighbourhood, in particular the Mediterranean region It is vital for the private and public sectors to work together more closely, in particular on financing adaptation. The Commission invites the European Parliament and the Council to endorse this strategy. The Commission will work closely with Member States on the implementation of this strategy, and to better align international and EU adaptation action. It will also use external policy instruments to promote their international uptake. Climate change exacerbates the challenge of sharing water resources and requires closer cooperation between adaptation action and water management authorities, including across borders. 16 In this systemic approach, there are three cross cutting priorities: integrating adaptation into macro-fiscal policy, nature-based solutions for adaptation, and local adaptation action. Funding for climate adaptation averaged some EUR 25 billion a year in 2017 but needs are estimated to be ten-fold, .
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