Draft:Climate Resilience Dialogue

• Comment: Please cite WP:SECONDARY sources. Gheus (talk) 14:41, 11 March 2025 (UTC)

---

The Climate Resilience Dialogue was an initiative by the European Commission launched in 2021 aimed at addressing the financial impacts of climate change and enhancing climate change adaptation efforts. The initiative was annonced in the EU Adaptation Strategy and the Strategy for financing the transition to a sustainable economy. The Dialogue focused on narrowing the climate protection gap, which is the difference between the financial losses caused by climate-related disasters and the amount covered by insurance.

The Dialogue was co-chaired by the Directorate-General for Climate Action and the Directorate-General for Financial Stability, Financial Services and Capital Markets Union and was part of the EU Strategy on Adaptation to Climate Change. Seventeen organizations participated, representing a wide range of stakeholders, including insurers (e.g. AMICE and Insurance Europe) and consumer representatives. The group was organized into two sub-groups: Insurance Underwriting and Solutions, and Adaptation Investment. AMICE worked on a “leave no one behind” principle in their contributions to the work in the Climate Resilience Dialogue and believed that it provided a forum to hear diverse views on climate change impacts, unite in understanding societal needs, and address these challenges.

Throughout 2023 and 2024, several meetings were held and reports were published. The Interim Report from July 2023 outlined the work carried out since November 2022, while the Final Report from July 2024 summarized insights and recommendations from the Dialogue. Based on the analysis of factors contributing to the climate protection gap, the Climate Resilience Dialogue proposed actions for various stakeholders to enhance climate resilience by promoting risk awareness, preparedness, and proactive measures.

After the final report was released proposals has been made to establish a permanent Expert Group on Climate Protection Gaps to put forward policy recommendations for the next EU Adaptation Strategy. The report identifies the need to actively explore the potential for new public-private collaborations schemes, at the European Union or national level, and such partnerships has been suported by EIOPA "as they can promote risk prevention and adaptation, reduce the cost of the risk transfer ex ante and incentivise the supply of and demand for insurance".

Actions taken on the rekommendations

Insurance Europe, the group representing European insurance associations, has supported these recommendations in its recent requests to the European Union.