A single weather extreme can trigger a domino effect, which is why Europe has come up with a new plan

The European Commission estimates that climate-related economic losses could reach €200 billion between 2022 and 2025, averaging €50 billion annually. Without systemic intervention, these losses may increase exponentially. The Commission's resilience framework aims to address these issues by integrating climate resilience into EU policies and providing national plans for member states. Experts emphasize the need for climate risk assessments in public investments and planning processes. In Hungary, water management faces challenges from drought and extreme rainfall, necessitating the preservation of water-retaining areas and the coordination of various sectors. Adaptation costs are lower than expected damages, and EU emissions trading revenues could support financing efforts.