Three Italian regions, Veneto,
Lombardia and Emilia-Romagna, are in Europe's top 10 for the
territories with the highest exposure to climate risks,
according to the XDI "Gross Domestic Climate Risk," report
released on Monday.
The report examines the physical climate risk to the built
environment in over 2,600 territories around the world.
It focused on the extent of capital value at risk from climate
change and extreme weather such as flooding, heat waves, forest
fires and violent storms.
"The cost of inaction is much higher than that of implementing
effective mitigation and adaptation measures," said Luca
Iacoboni of Italy's Ecco climate think tank.
"It is necessary to calibrate public investments towards real
decarbonization and give private investments incentives to move
in that direction".
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