Brussels warns that not acting now against climate change could cost the EU at least 7% of its GDP. The damage caused by floods, droughts, fires, heat waves or diseases related to Global warming will cause a 7% drop in the EU's GDP until the end of the century.

“Climate resilience is a matter of survival, and not figuratively. It is a question, at the very least, of economic survival,” stressed the vice-president of the Commission Maros Sefcovic.