Providing steerage for the submission of an EU Adaptation communication to the UNFCCC earlier than COP26, the European Council on June 10 authorised conclusions endorsing a brand new technique that outlines a long-term imaginative and prescient for the EU to turn into a climate-resilient society that’s absolutely tailored to the unavoidable impacts of local weather change by 2050.
“Climate change is not just a future threat – it is happening now,” warned Portuguese Minister for the Environment and Climate Action Joao Pedro Matos Fernandes, whose nation holds the rotating EU Presidency. “We need to be better prepared for its consequences on human health, nature and the economy. Today’s conclusions set the ball rolling for enhanced adaptation action. The new strategy focuses on better data and better use of existing data, promoting nature-based solutions, integrating financial and economic considerations and stepping up action at international level,” he mentioned, including that local weather has been a key precedence for the Portuguese Presidency.
“We are pleased that the Council has today endorsed the new EU climate adaptation strategy which, together with the recently agreed European Climate Law, will help the EU to become climate-resilient and climate-neutral in the next decades,” the Portuguese minister mentioned.
The conclusions adopted on June 10 give political steerage to the Commission as regards the implementation of the technique, the Council mentioned in a press launch, noting that it helps the technique’s concentrate on higher gathering and sharing knowledge to enhance entry to and trade of data on local weather impacts and adaptation, together with by enhancing the Climate-ADAPT platform.
In its Conclusions, the Council highlighted the significance of climate-water nexus and emphasises the essential position of nature-based options in constructing climate-resilience, serving to to keep up or improve biodiversity, in addition to defending and restoring ecosystems.
Member states assist the technique’s efforts to combine adaptation into macro-fiscal insurance 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 press launch learn.
The Council highlighted the essential position of constructing climate-resilience within the financial restoration from the COVID-19 pandemic. The EU has set a goal of not less than 30% for local weather motion, together with adaptation, within the Multiannual Financial Framework (MFF) for 2021-2027, and of not less than 37% beneath the Recovery and Resilience Facility.
The Council mentioned it helps the technique’s goal to step up worldwide motion on adaptation, in keeping with the Paris Agreement. The Council reconfirmed the dedication of the EU and the Member States to additional scale up mobilisation of worldwide local weather finance and helps the strengthening of world engagement and exchanges on adaptation.
The Commission revealed its Communication on a brand new EU Strategy on Adaptation to Climate Change on February 24. The technique builds on the 2013 adaptation technique and is without doubt one of the key actions recognized within the European Green Deal. Since the primary technique, all member states have put in place a nationwide adaptation technique or plan. The Climate-ADAPT platform has turn into a reference for adaptation data and adaptation has been mainstreamed into the EU’s insurance policies and long-term finances.
EU setting ministers held an trade of views on the technique throughout their casual video convention in March and mentioned it in the course of the casual Presidency occasion held by video convention in April.