We are pleased to announce the release of our latest report, developed for the European Committee of the Regions. This comprehensive study explores the various sources of adaptation financing available to local and regional authorities (LRAs), the challenges they face, and the good practices they can adopt to overcome these obstacles. The report also provides actionable recommendations for policymakers to enhance the availability and uptake of adaptation finance for LRAs.

Key Highlights of the Report

  • Mapping Public and Private Financing: The report identifies EU public adaptation funding sources and key private financing options, highlighting their benefits.
  • Addressing Barriers: It discusses the barriers and challenges that LRAs face in accessing adaptation finance, including issues like financing gaps and unclear risk ownership.
  • Policy Recommendations: Tailored recommendations are offered for different types of policymakers to facilitate better access to adaptation finance.
  • Good Practices in Action: The study includes four examples of LRAs successfully using private adaptation financing.

Why This Matters

With the growing risks posed by extreme weather, European cities and regions are on the frontlines of climate adaptation. Local authorities are vital for implementing resilience measures, but they often face significant hurdles in securing the necessary funding. This report aims to bridge these gaps, offering solutions to boost investments and drive climate resilience efforts across Europe.

Read the full report
Access the short leaflet