Municipalities recognize the need for increased investment in climate change mitigation and adaptation

According to a survey conducted by the European Investment Bank, almost half of the municipalities in Europe view climate change as a physical risk for their local areas. However, they express dissatisfaction with the level of investment in climate change mitigation and adaptation in the past three years. On a positive note, over 68% of municipalities plan to increase their investment in climate change mitigation, while 61% plan to boost investment in climate change adaptation. The main challenges they face are budget constraints and a shortage of experts with environmental and climate assessment skills.