AGP Executive Report
Last update: 11 hours agoWildfire Recovery in Attica: Greece says major blazes west of Athens are under control, but firefighters are still tackling smouldering hotspots as residents return. The government is moving to assess damage and speed up aid, including support for around 100 burned homes in Porto Germeno and possible temporary accommodation subsidies, while new reporting points to a long-term toll: about 80 sq km burned in the current fires, on top of roughly 200 sq km of forest lost in Attica over the past decade. Climate-Nature Risk Meets Finance: The ECB is warning that nature loss and extreme weather are becoming a financial stability issue, with wildfire impacts in southern Europe cited as a growing risk to banks and credit. Wildfire Risk Transfer: Insurers are increasingly using catastrophe bonds to move wildfire risk to capital markets, with issuance tied to record levels of exposure. Cross-Border Water Protection: Greece and North Macedonia launched a €3.07m project to improve governance and sustainable management of Lake Doirani, including shared monitoring, environmental strategies, and public awareness. Marine Life Under Pressure: Greece arrested an Italian boat crew for illegally harvesting protected coral near Skopelos, with the haul valued at about €800,000.
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