The proposal is intended to introduce some targeted changes to Council Decision No 1313/2013/EU on a Union Civil Protection Mechanism (UCPM), under which the European Union supports, coordinates and supplements the action of Member States in the field of civil protection to prevent, prepare for and respond to natural and man-made disasters within and outside the Union. The proposal acknowledges that disaster prevention efforts are crucial to limit the need for crisis and emergency support.
In an own-initiative opinion, the European Economic and Social Committee (EESC) proposes creating a Climate Adjustment Fund (CAF) to ensure a rapid response to new climate and energy crises. The CAF would complement existing EU policies and ensure more effective use of existing funding.
This study investigates the major climate-related risks for households in the EU by quantifying the relationship between a set of selected climate-hazards metrics, households’ income by source, and sector-specific expenditures, capturing both the climate induced cost of impacts and adaptation measures. This analysis is complemented with the assessment of mitigation policy costs for households using a mixed modelling approach.