Non Legislative, European Commission, Energy and natural resources
On 16 April, the European Commission will present a Green Paper consultation on insuring against natural and man-made disasters. The Commission’s aim is to initiate a broad debate on how to address the complex challenges associated with increasingly frequent catastrophes as well as possible solutions offered by disaster insurance. The Commission will also present on the same day an adaptation strategy to help strengthen Europe's resilience against the impacts of climate change.
As in many other regions of the world, the European Union is vulnerable to the increasing impacts of climate change and nearly all types of natural disaster resulting not only in loss of life but also damage to the value of billions of euro every year, affecting economic stability and growth. This is thus an important issue for citizens and companies across the Union.
The Green Paper poses a number of questions concerning the adequacy and availability of appropriate disaster insurance. The objective is to raise awareness and to assess whether or not action at EU level could be appropriate or warranted to increase insurance coverage and improve the market for disaster insurance in the European Union. The public consultation will stay open until 30 June 2013.
The overall aim of the adaptation strategy is to contribute to a more climate-resilient Europe. The intention is to do this by encouraging and supporting action in three priority areas: promoting and supporting actions by Member States, promoting adaptation in key vulnerable sectors at EU level, and ensuring better-informed decision-making.
The adaptation strategy is addressed to the other EU institutions for their responses. The Commission will hold a stakeholder conference on the strategy on 29 April in Brussels.
Press release and MEMO will be available on the day.