On 30 July 2024, the Climate Resilience Dialogue published its final report.

The Climate Resilience Dialogue is a temporary group of stakeholders set up at the initiative of the European Commission (Commission) to discuss ways to narrow the climate protection gap and increase the resilience of the economies and societies to the effects of climate change.

The final report provides:

  • A brief overview of the main climate-related perils and hazards to which people, businesses, and assets are exposed and vulnerable to today in Europe (chapter 1).
  • An analysis of the key contributing factors of the climate protection gap, encompassing risk awareness, risk assessment and other supply and demand factors such as affordability of the premiums, mistrust vis-à-vis insurance and limits to the insurability of risks (chapter 2).
  • An analysis into the solution space by focusing on risk reduction, risk sharing and risk transfer approaches, such as public-private partnerships and other insurance-based solutions, including evolving insurance-based approaches that have the potential to overcome some of the barriers of the climate protection gap (chapters 3 and 4).
  • A deep-dive into the main climate-related perils in Europe, covering floods, wildfire, heatwave, drought and storms, including lessons, good practices, and potential solutions stemming from past events that could be implemented to increase climate resilience (chapter 6).