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Under the umbrella of the European Green Deal, the European Commission presented in February 2021 a new EU Adaptation Strategy “Forging a climate-resilient Europe”, suggesting action for smarter, faster, more systemic adaptation and with renewed attention for the international dimension. As part of the smarter adaptation objective, more and better climate-related risk and losses data are requested as these kind of data are crucial to improve the accuracy of climate risk assessments.

While no standardised public datasets with economic losses are available for Europe based on public records from countries, the European Commission promotes public private partnerships to collect and share these data in the future. At some point in future, these public data will also become the data source for EEA’s indicator on economic losses and fatalities from weather and climate related events.