Brussels also outlined plans to improve its climate risk modelling, aiming to do this on an asset-level basis, to anticipate the risks associated with an individual infrastructure project or building.
Improved EU models for climate stress testing will help governments assess how climate risks affect public finances, the Commission said, for example by anticipating the funding needed to rebuild after an extreme weather event.
The Commission said Europe is "lagging behind" on physical adaptation projects such as raising flood defences or adjusting sewerage systems to better cope with heavy rain, and pledged to incentivise them more.
Some EU countries are already adapting. In the flood-prone Netherlands, Rotterdam has more than 360,000 square metres of "green roof" space to catch rainwater, while other cities have planted mini forests to hold rainwater and cool the area during heatwaves.