Prudential transition plans: what’s next after the adoption of the Capital Requirements Directive?

The President of the European Commission, Ursula von der Leyen, has committed to presenting a European Climate Adaptation Plan in 2026. The European Commission has previously emphasised public budgets as the main source of coverage for climate-related disasters. But if both the EU’s and member states’ budgets are strained by competing investment priorities and high debt levels in some cases, what are the complementary avenues for financing adaptation in the EU? How can private financial actors, such as banks, insurance companies or asset management firms, support adaptation efforts, not only to ensure resilience (i.e. recovery) from climate disasters, but also to prevent impacts before they arrive?

Premier état des lieux et pistes sur les banques, assureurs, gestionnaires d’actifs Un besoin de clarifier le rôle des banques, assureurs dommage et gestionnaires d’actifs dans l’adaptation de l’immobilier. Alors que les effets du changement climatique sont de plus en plus manifestes, les parties prenantes de l’immobilier doivent se préparer aux conséquences du réchauffement climatique qui pourrait atteindre, d’ici la fin du siècle en France, +4°C.

In the face of geopolitical shifts, not least those driven by the second Trump administration, the EU needs to secure its own green industrial base and foster new alliances. The European Commission’ proposal for a Clean Industrial Deal, central to its new competitiveness agenda, needs to spell out how Europe will create the enabling conditions […]