The European Commission published its “Assessment of EU and Member States Adaptation Investment Needs”, a study on the macro-economic impacts of the climate transition.

The 110-page report, which includes investment needs per country and per measure, suggests that the Member States and the private sector should invest about €70 billion per year until 2050 in climate adaptation.

“The study finds that of the annual €70 billion that need to be invested in adaptation, about €30 billion are needed for infrastructure, €21 billion for ecosystems and €12 billion for food security”, said the European Commission, adding that France, Italy, Germany and Spain have the largest adaptation investment needs, in part due to their geographic and economic size.