New Reports Released by EU and World Bank on Investing in Disaster Resilience in Europe: A Smart Approach

New Reports Unveil Strategies for Enhancing Disaster and Climate Resilience in Europe: Prioritizing Critical Infrastructure Investments, Urging Increased Climate Adaptation Efforts, and Addressing Funding Gaps for Wildfires and Droughts

On May 15, 2024, the European Commission in collaboration with the World Bank released three reports on investing in disaster resilience. The European Commission funded the studies conducted by the World Bank.

The first report provides guidance and examples for decision-makers and practitioners on how to make strategic investments that enhance disaster and climate resilience, particularly in vital sectors such as emergency-response services. It highlights the vulnerabilities of critical infrastructure to various hazards like flooding, wildfires, earthquakes, and landslides, and recommends prioritizing investments in these areas.

The second report presents fresh insights into the expenses associated with adapting to the impacts of climate change. It urges European countries to increase their investments in climate adaptation efforts.

The third report delves into the financial repercussions of wildfires and droughts, shedding light on the funding gap that the EU and certain Member States are facing in terms of available finances versus the required funds. To access these reports, you can download them from the provided link.

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