(Reuters) – The European Union's strategy for adapting to the risks of climate change must be much more proactive and ambitious in order to reduce the risk of natural disasters such as floods, say insurance companies in response to a consultation on the issue
on the EU's current strategy for adapting to climate change, set out in 2013, and what, if any, changes need to be made to it.
Trade Merchant Insurance Europe said the EU strategy needs to move to more preventive behavior.
"This should include the implementation of risky policies, such as building codes, flood defenses and the avoidance of construction in high-risk zones," said Insurance Europe.
The EU's original 201
With extreme weather events already becoming more demanding and severe, to mitigate the economic, social and environmental impact of a changing climate was not enough and more focus was needed on adaptation, the group said.
It specifically required the publication of high-quality information on adaptation measures and for the EU to investigate the use of public-private partnerships to ensure often expensive adaptation measures were approved.
The EU also needed to improve the ability of insurance companies to play their role by coordinating with governments to ensure that adaptation measures are implemented across the region, the group said. Catalog