Insurance Europe: adaptation efforts to climate changes must be ambitious

25 February 2021 — Alexandra GUZUN
Action on adaptation to climate change must be ambitious and reflect diverse circumstances across member states, as Nicolas Jeanmart, head of personal and general insurance at Insurance Europe, commented.

Following the publication of the European Commission's new EU strategy on adaptation to climate change, Nicolas Jeanmart stated: "We welcome the EC's strategy to enhance adaptation to climate change: in particular, the EC's ambitions to tackle the climate protection gap and to increase efforts to boost prevention and resilience at all levels. European insurers stand ready to contribute to this work with their long-standing expertise in this area".

The scale of the challenge that climate change presents need ambitious actions from the EU as some of the consequences are already becoming apparent. In this regard, mitigation actions alone are not enough to address the economic, social and environmental implications of a changing climate.

"Adaptation action needs to occur at all levels, from the local to the global. In a European context, it is important to recognize that, while the EU has a key role to play in coordinating adaptation efforts, each member state is affected by climate change differently and the role played by insurance and public authorities also varies significantly from country to country. There should, therefore, be no one-size-fits-all solution at a European level", Nicolas added.

Insurance Europe agree with the EC that data are important in order to support climate adaptation actions and Europe's insurers express their openness to cooperate with the EC in this regard, by sharing their experiences.

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