Wildfires - Photo © European Union 2026

As catastrophic wildfires sweep across Southern Europe, WWF warns that the EU is sleepwalking into a permanent wildfire crisis while simultaneously weakening key environmental protections that help safeguard people, economies and nature from climate impacts.

Climate change - Image by Satheesh Sankaran from Pixabay

Europe has to create a well-functioning Savings and Investment Union to mobilise private investments. However, it will depend on the willingness of Member States to go the extra mile for necessary harmonisation steps in taxation, company law, insolvency procedures and supervision.