EU sets out vision for a climate-resilient society

EU states approved Thursday a new strategy outlining a long-term vision for the EU to become a climate-resilient society that is fully adapted to the unavoidable impacts of climate change by 2050. The Council’s conclusions give political guidance to the Commission as regards implementation of the strategy. The Council supports the strategy’s focus on better gathering and sharing data to improve access to and exchange of knowledge on climate impacts and adaptation, including by enhancing the Climate-ADAPT platform.

In its Conclusions, the Council recognises the importance of climate-water nexus and emphasises the important role of nature-based solutions in building climate-resilience, helping to maintain or enhance biodiversity, as well as protecting and restoring ecosystems. Member states support the strategy’s efforts to integrate adaptation into macro-fiscal policies. The Commission is invited, in consultation with the member states, to look into how climate-related risks on public finances can be measured and managed and to develop a framework that encourages the use of insurance against climate-related risks.

The Council highlights the important role of building climate-resilience in the economic recovery from the COVID-19 pandemic. The EU has set a target of at least 30% for climate action, including adaptation, in the Multiannual Financial Framework for 2021-2027, and of at least 37% under the Recovery and Resilience Facility.

The Council supports the strategy’s aim to step up international action on adaptation, in line with the Paris Agreement. It reconfirms the commitment of the EU and the Member States to further scale up mobilisation of international climate finance and supports the strengthening of global engagement and exchanges on adaptation. The conclusions adopted today also provide guidance for the submission of an EU Adaptation communication to the UNFCCC before COP26.

Source: EUbusiness

 

Author: Tuula Pohjola