The nineteenth Conference of the Parties (COP) of the United Nations Framework Convention on Climate Change (UNFCCC) is being held in Warsaw, Poland, from 11-22 November 2013.

FEEM and Università Ca’ Foscari are organizing a joint Side Event on "Costs and Benefits of Adaptation to Climate Change and the Sustainability of Public Finance in the EU".


Investing in adaptation to climate change is more and more urgent and necessary. This may appear in contrast with high deficits in some EU countries and related budgetary concerns. Nonetheless, appropriate green tax reforms may reduce fiscal distortions and work pro-growth. Most importantly, investing in pre-emptive adaptation can reduce costly future impacts thus improving the sustainability of public finance.