Climate impacts will become a structural macro-fiscal problem. With low private insurance, EU governments are sleepwalking into becoming disaster insurers of last resort.
Our @bruegel.org Policy Brief on mitigating rising fiscal costs of climate disasters.
🔗 www.bruegel.org/policy-brief...
🧵1/10
Low insurance coverage is turning EU governments into disaster insurers of last resort, strengthening the case for prevention and adaptation finance
