This paper delves into the multifaceted impacts of climate change on Europe. It examines the immediate risks, including infrastructure damage and health crises, and explores the broader socio-economic consequences. The paper highlights Europe’s strategic responses, such as the European Green Deal, and its efforts at pioneering innovative, sustainable solutions. Key initiatives like the Net-Zero Cities program and the role of Public-Private Partnerships are discussed, and the need for holistic, cross-sector collaboration emphasized. The paper also addresses the financial mechanisms and regulatory frameworks crucial for supporting the green transition. Ultimately, the paper underscores the EU’s commitment to a sustainable, resilient future, balancing economic growth with environmental stewardship.
Authors: Phoebe Koundouri, Professor, School of Economics and ReSEES Research Laboratory, Athens University of Economics and Business; Sustainable Development Unit, ATHENA RC, Athens; Department of Technology, Management and Economics, Technical University of Denmark, Copenhagen; UN SDSN GlobalClimateHub.
Dr. Konstantinos Dellis and Angelos Plataniotis, School of Economics and ReSEES Research Laboratory, Athens University of Economics and Business; Sustainable Development Unit, ATHENA RC, Athens; UN SDSN Global Climate Hub.
This text has originally been published on the ELIAMEP website.