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Financing Climate Adaptation: Sustainable investments in adaptation are harmonised in a European Union taxonomy: Sustainable investments in adaptation are harmonised in a European Union taxonomy that needs to cover more economic activities over time and is globally applicable. Via investments that are labelled sustainable, the financial sector can promote and support adaptation measures to reduce physical climate risks. Residual risks can be transferred via insurance mechanisms.
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Implementing the Green Deal: Commission launches Climate Resilience Dialogue: The European Commission launched the Climate Resilience Dialogue, as announced in its Strategy for Financing the Transition to a Sustainable Economy as well as in the new EU Strategy on Adaptation to Climate Change. The first meeting of the dialogue brought together insurers, reinsurers, the corporate sector, consumers, public authorities and other stakeholders to exchange views and best practices to address the losses incurred from climate-related disasters.
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