This indicator considers the number of fatalities, the overall and insured economic losses from weather- and climate-related events in the EEA member countries.. Hazards considered are those classified as meteorological hazards, hydrological hazards and climatological hazards, based on the classification by the International Council for Science (ICSU).
This assessment is based on the RiskLayer CATDAT dataset and the Eurostat collection of economic indicators, whereas data from earlier years not covered by Eurostat have been completed using data from the Annual Macro-Economic Database of the European Commission (AMECO), the International Monetary Fund’s (IMF) World Economic Outlook (WEO), the Total Economy Database (TED) and the World Bank database.
Data are received from the RiskLayer CATDAT under institutional agreement and have been adjusted to account for inflation. They are presented in 2021 euro values. The implicit GDP deflator is used as an economic metric that measures the price level changes of all new, final goods and services produced in an economy over a specific period, relative to the base year, including those that are not included in the consumer price index (CPI), such as investment goods and exports. As the CPI only reflects the price changes of a specific basket of goods and services that consumers purchase, the implicit GDP deflator is a more comprehensive measure of price changes than the CPI.
Definition of a loss event: the event can occur in several countries; events are counted by country and by year and type of natural hazard. The 30-year moving averages are based on the value of the year and the 29 preceding years. The linear trendline equation uses the least squares methods.
The European Commission is working with Member States, the ISDR and other international organisations to improve data on disaster losses. The JRC has prepared guidance for recording and sharing disaster damage and loss data, status and best practices for disaster loss data recording in EU Member States and recommendations for a European approach for recording disaster losses. Once comparable national databases on disaster losses are available for all EU Member States and EEA member countries and these data are reported, this EEA indicator can build on such data.
Methodology for gap filling
Data gap filling is not necessary.
In February 2021, the European Commission presented the new EU Strategy on adaptation to climate change. One of the objectives is 'smarter adaptation', within which a key action is 'more and better climate-related risk and losses data'. This is further developed in the Staff Working Document, Closing the climate protection gap - scoping policy and data gaps.
Article 6 of the European Union Civil Protection Mechanism (2013) obliges the EU Member States to develop risk assessments at national or appropriate sub-national levels and to make a summary of the relevant elements thereof. It is summarised in an Overview of natural and man-made disaster risks the European Union may face (2020 edition).
The Sendai Framework for Disaster Risk Reduction (2015-2030), including ‘Understanding disaster risk’, requires that the signatory countries systematically evaluate, record, share and publicly account for disaster losses and understand the economic impacts at national and sub-national levels.
This indicator is an EU indicator for the sustainable development goals (SDGs) for SDG13 Climate, and a headline indicator for monitoring progress towards the 8th Environment Action Programme. It contributes to monitoring aspects of the 8th EAP priority objective Article 2.2. b that shall be met by 2030: ‘continuous progress in enhancing and mainstreaming adaptive capacity, including on the basis of ecosystem approaches, strengthening resilience and adaptation and reducing the vulnerability of the environment, society and all sectors of the economy to climate change, while improving prevention of, and preparedness for, weather- and climate-related disasters’ . For the purposes of the 8th EAP monitoring the indicator assesses specifically whether the EU is reducing the overall monetary losses from weather- and climate-related events .
No targets have been identified for this indicator.
No uncertainties have been specified.