CASCADES Policy Brief August 2020
COVID-19 has revealed with startling clarity the vulnerabilities inherent in a globalised world, including how risks can leap across sectors and national borders, with profound political, economic and social consequences. European businesses and consumers today rely heavily on complex supply chains and just-in-time production and delivery, which can be disrupted by shocks, compound events, and long-term shifts elsewhere in the world.
From this perspective, the pandemic offers crucial lessons on how to address climate change. Like COVID-19, it can spur chain reactions, threatening food security, livelihoods and wider health and well-being. In a warming, interconnected world, increasing the resilience of global trade and production systems is paramount.
This brief provides an overview of the state of knowledge on transboundary climate risks in Europe, and explores how this knowledge could help Member States, businesses and the EU as a whole to advance climate-resilient trade and production. Findings and recommendations will inform the development of the new EU Adaptation Strategy and the ongoing EU Trade Policy Review, as well as national efforts to adapt to climate change. These findings and recommendations have been shaped in part by an online seminar with adaptation and trade representatives of EU Member States, the European Commission and other international organisations, which was held on 9 July 2020.