EU to build climate shield framework to curb €50B annual disaster losses

The European Commission announced a new economic and industrial governance framework aimed at mitigating the rising economic toll of natural disasters, which now cost the EU an estimated €50 billion annually. The move follows evidence that catastrophe-related losses have surged, threatening the bloc's common GDP. The framework's specifics remain unclear, but it signals a policy shift toward integrating climate resilience into economic planning.

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