Mobilising Climate Resilience Financing: final report presented on 02/12/2025

Weather- and climate-related extremes in the EU caused estimated losses of €208 Bn between 2021 and 2024, with annual costs rising sharply: collective action, at every level, is needed to strengthen the EU's resilience to climate-related risks.

Launched under the European Commission’s 2024 Communication on Managing Climate Risks, the Reflection Group on Mobilising Climate Resilience Financing brought together key industrial players and representatives of public and private financial institutions to address the financing aspects of these existential challenges. The Group presented its final report to Commissioner Hoekstra, on 02/12/2025, in Brussels.
Given the importance of the investments needs, scaling up will involve the commitment of private sector finance. Besides, the report also stresses the importance of reliable climate data, accessible risk information, insurance coverage for residual risks, and standardised resilience metrics. Suggested initiatives include a Climate Resilience Project Pipeline to help local authorities access financing, an EU-wide digital platform for…