In Malta, 500 people took part in the EIB Climate Survey, which was conducted in August 2024. The survey reports that almost all of the respondents for Malta recognise the need to adapt their lifestyle due to the effects of climate change. Among the challenges facing their country, they ranked climate change second only to the cost of living. Almost all believe that investing in adaptation now will prevent higher costs in the future.
As natural disasters increase in frequency and severity, the economic toll of climate change continues to rise. Scientists warn that these disasters will become increasingly costly. According to a report by the European Environment Agency, Europe is currently the fastest-warming continent, with the number of extreme weather events expected to increase as global temperatures rise. A higher number of extreme weather events poses a significant threat to infrastructure and the stability of global water and food supplies, underlining the urgent need for comprehensive climate change adaptation strategies. Malta is already seeing serious weather events, including intense heatwaves, severe droughts and rising sea levels.
“Investing in climate adaptation should be a top priority for all countries, especially island nations. I’m encouraged to see that the Maltese people clearly understand the urgency of climate change. By acting now, we can safeguard communities, create jobs and ensure a more resilient and prosperous future for all,” said EIB Vice-President Kyriacos Kakouris.
A national priority
99% of Maltese respondents – 5 points above the EU average – recognise the need for Malta to adapt to climate change. 77% – 27 points above the EU average of 50% – view adaptation to climate change as a priority for Malta in the coming years.
97% – compared to the EU average of 86% – say that investing in climate change adaptation can create jobs and boost the local economy.
97% – compared to an EU average of 85% – believe that that adapting to climate change requires investment now to avoid higher costs later.
Source: European Investment Bank