Spain Urges EU Climate Adaptation Fund
Spain has urged the European Union to create a dedicated climate adaptation fund and binding targets as extreme weather losses mount. Madrid proposed new levies, risk assessments, and a permanent emergency response system to protect vulnerable sectors.
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Spain urged the European Union to establish a dedicated climate adaptation fund and binding resilience targets, citing €822 billion ($955 billion) in cumulative weather losses since 1980. The push comes as extreme heatwaves and wildfires batter southern Europe. Funding could rely on oil and gas profit levies and common EU debt.
