Climate change is expected to increase the pressure on public finances in the future. On the one hand, there is a growing need for public investment in measures to mitigate and adapt to the effects of climate change. On the other hand, large-scale disasters related to climate change represent a real human and economic threat that will need to be better reflected in budgetary planning. While some EU provisions for disaster risk management have been in place since 2001 and national practices have improved, a consistent approach to disaster-related fiscal risks is lacking in the EU.