This report highlights the importance of adaptation pathways in building resilient futures in the face of evolving climate risks. The report emphasizes the need for Europe to scale up climate adaptation investments due to the devastating impacts and economic losses of climate change. This report will provide decision-makers and practitioners with evidence, data, and tools to inform policy and investment efforts in disaster risk management.
The publication provides the following takeaways:
- Scaling up investments in climate adaptation requires more and better information on their costs;
- Adaptation costs for various objectives differ, based on economic efficiency, acceptable levels of risks, or risk minimization;
- With rising adaptation costs, the demand to assess the economic benefits of adaptation and to compare alternative uses of resources will increase, requiring more concentration on economic appraisal;
- Effective adaptation pathways can be developed by combining current and future climate risk information with multidisciplinary expertise.
