During the last two years, a group of stakeholders established at the initiative of the European Commission has been meeting as part of the dialogue on climate resilience. It aimed to discuss ways to reduce the climate protection gap – the gap between economic losses and insurance losses from the materialization of climate-related risks – and increase the resilience of economies and societies to the effects of climate change.
The dialogue provided a safe space for an open exchange of views between stakeholders including public authorities, regulators, consumer organizations and the insurance industry on ways to address this climate protection gap and increase climate resilience in the EU with a focus on climate change adaptation.
The EU Covenant of Mayors has been an active participant in this dialogue and has ensured that the perspectives, challenges, best practices and experiences of local authorities are taken into account in the discussions and actions proposed in the final report. (More on eu-mayors.ec.europa.eu)