The European Environment Agency's report "Costs of Adaptation versus Costs of Inaction" highlights the urgent need for climate change adaptation strategies. In the face of increasing climate events such as heatwaves, forest fires and floods, the report notes that the European Union has already taken important initiatives on adaptation, including the formulation of the EU Adaptation Strategy. This strategy aims to make adaptation measures more efficient, faster and more comprehensive and to increase international readiness to act.

Ecologic Institute is collaborating with the Frankfurt School of Finance & Management and Ramboll Consulting on a project for the European Environment Agency (EEA) entitled "The Cost of Adaptation versus the Cost of Inaction for Europe." This follows up a 2020-project, "Overview of Accessibility of the Climate Change Adaptation Finance Data in Europe," also for the EEA.