Dedicated financial resources for the implementation of NAS and plans are a key enabling factor for successful adaptation  . Yet, only 14 EU countries have announced such budget allocations in their plans and strategies; and even if budget numbers are available, they are difficult to compare . Current adaptation spending varies greatly across and within European countries, partly reflecting national adaptation priorities or financing sources targeting investment projects  and competing statutory priorities . European government budgets are also burdened by climate-change damages today, particularly after huge flooding events, and austerity following financial crises, limiting anticipatory action . National adaptation funding in EU member states is complemented by EU funding . While the EU spending target on climate action increased from 20% in 2016-2020 to 25% in 2021-2026, most spending is going into mitigation, not adaptation .
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report