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This week’s heatwave shows how temperatures and rainfall patterns that used to be considered extremes are becoming the norm. But climate disasters don't have to become fiscal crises if EU countries plan better for adaptation investments and risk-sharing: see www.bruegel.org/policy-brief...
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Low insurance coverage is turning EU governments into disaster insurers of last resort, strengthening the case for prevention and adaptation finance
www.bruegel.org
Planning for the rising fiscal costs of climate disasters
📊 Chart of the week: Annual EU direct economic losses from extreme weather and climate events 📑 By @heathergrabbe.bsky.social, @keliauskaite.bsky.social, @marie-lappe.bsky.social, @iremonas.bsky.social, Massimo Tavoni and @gzachmann.bsky.social 🔗 buff.ly/QN0cs5M #EconSky
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Bruegel
Heather Grabbe