{"id":116333,"date":"2026-09-21T00:18:33","date_gmt":"2026-09-20T22:18:33","guid":{"rendered":"https:\/\/www.infokuryr.cz\/n\/?p=116333"},"modified":"2026-09-20T11:39:05","modified_gmt":"2026-09-20T09:39:05","slug":"az-65-miliard-eur-brusel-stavi-dalsi-klimaticky-stroj-na-penize","status":"publish","type":"post","link":"https:\/\/www.infokuryr.cz\/n\/2026\/09\/21\/az-65-miliard-eur-brusel-stavi-dalsi-klimaticky-stroj-na-penize\/","title":{"rendered":"A\u017e 65 miliard eur: Brusel stav\u00ed dal\u0161\u00ed klimatick\u00fd stroj na pen\u00edze"},"content":{"rendered":"
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Brusel objevil sv\u016fj dal\u0161\u00ed trh v hodnot\u011b mnoha miliard eur: poji\u0161t\u011bn\u00ed proti bou\u0159\u00edm, povodn\u00edm a lesn\u00edm po\u017e\u00e1r\u016fm. Pod heslem \u201eodolnost v\u016f\u010di klimatu\u201c maj\u00ed b\u00fdt rizika st\u00e1le v\u00edce sdru\u017eov\u00e1na, financov\u00e1na a poji\u0161t\u011bna na evropsk\u00e9 \u00farovni \u2013 a\u017e do v\u00fd\u0161e \u00fav\u011brov\u00e9ho ji\u0161t\u011bn\u00ed a\u017e 65 miliard eur. Kritici to vn\u00edmaj\u00ed jako dal\u0161\u00ed vlnu centralizace ze strany bruselsk\u00fdch eurokrat\u016f, kte\u0159\u00ed cht\u011bj\u00ed tak\u00e9 postupn\u011b zast\u0159e\u0161it n\u00e1rodn\u00ed rizika katastrof a poji\u0161t\u011bn\u00ed pod z\u00e1\u0161titu EU.<\/span><\/strong><\/p>\n

\u0160trasburk, polovina z\u00e1\u0159\u00ed: Ursula von der Leyenov\u00e1 promlouv\u00e1 k Evropsk\u00e9mu parlamentu o vln\u00e1ch veder, lesn\u00edch po\u017e\u00e1rech a suchu. Pot\u00e9 se obrac\u00ed k t\u00e9matu poji\u0161\u0165oven. Soukrom\u00e9 poji\u0161t\u011bn\u00ed kryje pouze zhruba \u010dtvrtinu ekonomick\u00fdch ztr\u00e1t souvisej\u00edc\u00edch s klimatem, co\u017e znamen\u00e1, \u017ee n\u00e1rodn\u00ed rozpo\u010dty mus\u00ed p\u0159\u00edli\u0161 \u010dasto zasahovat jako \u201epoji\u0161\u0165ovny posledn\u00ed instance\u201c. <\/span>Reakce<\/span><\/a> Ursuly von der Leyenov\u00e9 : nov\u00e1 \u201eAliance pro klimatick\u00e9 poji\u0161t\u011bn\u00ed\u201c. Poji\u0161\u0165ovny, investo\u0159i, vl\u00e1dn\u00ed agentury, tv\u016frci model\u016f rizik a z\u00e1kazn\u00edci maj\u00ed spole\u010dn\u011b vyvinout nov\u00e9 modely. V \u0159\u00edjnu bude n\u00e1sledovat dal\u0161\u00ed r\u00e1mec pro \u201eodolnost v\u016f\u010di klimatu\u201c, zpo\u010d\u00e1tku pro 100 obzvl\u00e1\u0161t\u011b zraniteln\u00fdch region\u016f. Probl\u00e9my jednotliv\u00fdch trh\u016f a \u010dlensk\u00fdch st\u00e1t\u016f se op\u011bt st\u00e1vaj\u00ed evropsk\u00fdm \u00fakolem \u2013 dopln\u011bn\u00fdm o nov\u00e9 povinnosti v Bruselu.<\/span><\/p>\n

Pro ekonoma Tilaka Doshiho <\/span>za\u010d\u00edn\u00e1<\/span><\/a> klamn\u00e9 ozna\u010den\u00ed samotn\u00fdm term\u00ednem \u201emezera v klimatick\u00e9m poji\u0161t\u011bn\u00ed\u201c. Bou\u0159e, z\u00e1plavy a lesn\u00ed po\u017e\u00e1ry nejsou modern\u00edmi vyn\u00e1lezy. Poji\u0161\u0165ovny vyd\u011bl\u00e1vaj\u00ed pen\u00edze po stalet\u00ed v\u00fdpo\u010dtem rizik a jejich stanoven\u00edm ceny. D\u016fm u \u0159eky stoj\u00ed v\u00edce, stejn\u011b jako budova v oblasti n\u00e1chyln\u00e9 k po\u017e\u00e1r\u016fm. Pokud se riziko zv\u00fd\u0161\u00ed, zv\u00fd\u0161\u00ed se pojistn\u00e9 a spolu\u00fa\u010dast, nebo m\u016f\u017ee doj\u00edt k \u00fapln\u00e9 ztr\u00e1t\u011b kryt\u00ed. Toto je varovn\u00fd sign\u00e1l trhu. Centraliza\u010dn\u00ed fantazie vych\u00e1zej\u00edc\u00ed z Bruselu se v\u0161ak zam\u011b\u0159uj\u00ed pr\u00e1v\u011b na tento probl\u00e9m: rizika se sdru\u017euj\u00ed do v\u011bt\u0161\u00edch evropsk\u00fdch fond\u016f, aby mohla b\u00fdt rozd\u011blena mezi v\u00edce zem\u00ed a pojistn\u00edk\u016f. Doshi to proto ozna\u010duje jako \u201esyst\u00e9m pen\u011bz na ochranu klimatu\u201c.<\/span><\/p>\n

EU se <\/span>ji\u017e n\u011bjakou dobu<\/span><\/a> uchvacuje na pojistn\u00e9m trhu . Na konci roku 2024 p\u0159edstavily EIOPA a Evropsk\u00e1 centr\u00e1ln\u00ed banka model se dv\u011bma pil\u00ed\u0159i: ve\u0159ejno-soukrom\u00fd syst\u00e9m zaji\u0161t\u011bn\u00ed EU pro p\u0159\u00edrodn\u00ed katastrofy a fond EU pro \u0161kody zp\u016fsoben\u00e9 ve\u0159ejn\u00fdmi katastrofami. Fond m\u00e1 b\u00fdt financov\u00e1n \u010dlensk\u00fdmi st\u00e1ty a bude poskytovat podporu na rekonstrukci ve\u0159ejn\u00e9 infrastruktury. Finan\u010dn\u00ed prost\u0159edky by v\u0161ak byly vyplaceny pouze v p\u0159\u00edpad\u011b, \u017ee vl\u00e1dy zavedou p\u0159edem dohodnut\u00e1 opat\u0159en\u00ed ke zm\u00edrn\u011bn\u00ed rizik. Tento mechanismus tak d\u00e1v\u00e1 Bruselu dv\u011b p\u00e1ky: rozd\u011blov\u00e1n\u00ed spole\u010dn\u00fdch fond\u016f a stanoven\u00ed podm\u00ednek pro to, jak \u010dlensk\u00e9 st\u00e1ty organizuj\u00ed sv\u00e9 vlastn\u00ed \u0159\u00edzen\u00ed rizik. Pr\u00e1v\u011b z toho vyr\u016fstaj\u00ed neust\u00e1le se roz\u0161i\u0159uj\u00edc\u00ed centraliza\u010dn\u00ed projekty EU.<\/span><\/p>\n

V dubnu 2026 n\u00e1sledovala dal\u0161\u00ed f\u00e1ze. EIOPA a Evropsk\u00fd mechanismus stability <\/span>navrhly<\/span><\/a> celoevropsk\u00fd fond pro p\u0159\u00edrodn\u00ed katastrofy, financovan\u00fd z pojistn\u00e9ho zalo\u017een\u00e9ho na riziku a zaji\u0161t\u011bn\u00fd \u00fav\u011brov\u00fdm ji\u0161t\u011bn\u00edm. Povodn\u011b ve st\u0159edn\u00ed Evrop\u011b, lesn\u00ed po\u017e\u00e1ry na jihu, bou\u0159e na severu \u2013 r\u016fznorod\u00e1 rizika jsou sdru\u017eena do spole\u010dn\u00e9ho evropsk\u00e9ho ko\u0161e. Org\u00e1ny EU to propaguj\u00ed sliby diverzifikace, ni\u017e\u0161\u00edch kapit\u00e1lov\u00fdch n\u00e1klad\u016f a zv\u00fd\u0161en\u00e9 pojistn\u00e9 kapacity. Nakonec se v\u0161ak vytv\u00e1\u0159\u00ed dal\u0161\u00ed vrstva evropsk\u00fdch financ\u00ed nad soukrom\u00fdmi poji\u0161\u0165ovnami, zajistiteli a n\u00e1rodn\u00edmi syst\u00e9my. Apar\u00e1t EU se op\u011bt roz\u0161i\u0159uje o mechanismus, kter\u00fd shroma\u017e\u010fuje, rozd\u011bluje a v p\u0159\u00edpad\u011b krize i financuje rizika.<\/span><\/p>\n

A pak je tu je\u0161t\u011b \u010d\u00e1stka 65 miliard eur. Tak vysoko by mohla vzr\u016fst po\u017eadovan\u00e1 \u00fav\u011brov\u00e1 kapacita pojistky v propo\u010d\u00edtan\u00fdch extr\u00e9mn\u00edch sc\u00e9n\u00e1\u0159\u00edch. Pokud evropsk\u00fd fond po velk\u00fdch katastrof\u00e1ch dos\u00e1hne sv\u00fdch limit\u016f, m\u00e1 tato z\u00e1chrann\u00e1 s\u00ed\u0165 poskytovat \u00fav\u011bry. EIOPA a ESM <\/span>slibuj\u00ed<\/span><\/a> t\u00e9m\u011b\u0159 dokonal\u00fd bruselsk\u00fd finan\u010dn\u00ed po\u010din: v\u011bt\u0161\u00ed bezpe\u010dnost, levn\u011bj\u0161\u00ed financov\u00e1n\u00ed a dodate\u010dnou pojistnou kapacitu \u2013 \u00fadajn\u011b bez dlouhodob\u00e9 z\u00e1t\u011b\u017ee da\u0148ov\u00fdch poplatn\u00edk\u016f. Pojistka m\u00e1 \u00fadajn\u011b sv\u00e9 \u00fav\u011bry z\u00edskat zp\u011bt z p\u0159\u00edjm\u016f fondu. Prozat\u00edm je to jen model. Ale samotn\u00fd rozsah ukazuje, jak daleko by pl\u00e1ny mohly zaj\u00edt, jakmile se n\u00e1rodn\u00ed rizika prom\u011bn\u00ed v evropsk\u00fd finan\u010dn\u00ed probl\u00e9m.<\/span><\/p>\n

Brusel\u0161t\u00ed eurokrat\u00e9 hned poskytuj\u00ed sv\u00e9 <\/span>ospravedln\u011bn\u00ed<\/span><\/a> . Spole\u010dn\u00e9 poji\u0161t\u011bn\u00ed nap\u0159\u00ed\u010d zem\u011bmi a p\u0159\u00edrodn\u00edmi riziky by mohlo sn\u00ed\u017eit pot\u0159ebn\u00fd kapit\u00e1lov\u00fd fond a\u017e o 67 procent ve srovn\u00e1n\u00ed se samostatn\u00fdmi n\u00e1rodn\u00edmi \u0159e\u0161en\u00edmi. Poji\u0161\u0165ovnictv\u00ed je s t\u00edmto typem diverzifikace velmi dob\u0159e obezn\u00e1meno \u2013 zaji\u0161\u0165ovny na tomto principu v\u017edy fungovaly. EIOPA a ESM nyn\u00ed cht\u011bj\u00ed zav\u00e9st evropskou \u00farove\u0148 s vlastn\u00ed z\u00e1chrannou s\u00edt\u00ed zalo\u017eenou na \u00fav\u011brech. Diverzifikace soukrom\u00fdch rizik se tak transformuje na politicky organizovan\u00fd mechanismus EU.<\/span><\/p>\n

Rozsah tohoto zp\u016fsobu uva\u017eov\u00e1n\u00ed demonstroval za\u010d\u00e1tkem z\u00e1\u0159\u00ed <\/span>Kurt Vandenberghe<\/span><\/a> , gener\u00e1ln\u00ed \u0159editel pro oblast klimatu v Evropsk\u00e9 komisi. Poji\u0161t\u011bn\u00ed v sou\u010dasn\u00e9 podob\u011b ji\u017e nen\u00ed udr\u017eiteln\u00e9, prohl\u00e1sil po setk\u00e1n\u00ed se z\u00e1stupci pr\u016fmyslu. Klimatick\u00e1 politika se st\u00e1le v\u00edce st\u00e1v\u00e1 pojistnou smlouvou. Co nelze pojistit, argumentoval, riskuje, \u017ee se stane neinvestiovateln\u00fdm; rostouc\u00ed mezera v poji\u0161t\u011bn\u00ed by mohla v kone\u010dn\u00e9m d\u016fsledku ohrozit finan\u010dn\u00ed stabilitu. Z \u201ezaplaven\u00e9ho sklepa\u201c tak bruselsk\u00e1 argumentace vede p\u0159\u00edmo ke stabilit\u011b evropsk\u00e9ho finan\u010dn\u00edho syst\u00e9mu. \u010c\u00edm v\u011bt\u0161\u00ed je \u00fadajn\u00e9 syst\u00e9mov\u00e9 riziko, t\u00edm snaz\u0161\u00ed je ospravedlnit dal\u0161\u00ed evropsk\u00fd z\u00e1sah.<\/span><\/p>\n

\u0160pan\u011blsko ji\u017e prosazuje dal\u0161\u00ed f\u00e1zi rozvoje. Madrid <\/span>po\u017eaduje<\/span><\/a> specializovan\u00fd evropsk\u00fd fond pro adaptaci na zm\u011bnu klimatu, z\u00e1vazn\u00e1 na\u0159\u00edzen\u00ed pro vodohospod\u00e1\u0159stv\u00ed, zem\u011bd\u011blstv\u00ed a zdravotnictv\u00ed a tak\u00e9 dal\u0161\u00ed finan\u010dn\u00ed n\u00e1stroje. Ropn\u00e9 a plyn\u00e1rensk\u00e9 spole\u010dnosti by to mohly mimo jin\u00e9 hradit prost\u0159ednictv\u00edm nov\u00fdch poplatk\u016f. Diskutuje se tak\u00e9 o spole\u010dn\u00e9m dluhu EU, stejn\u011b jako o tzv. \u201edluhopisech klimatick\u00e9ho rizika\u201c. Sc\u00e9n\u00e1\u0159 je nyn\u00ed zn\u00e1m\u00fd: probl\u00e9m se evropeizuje, Brusel dostane nov\u00e9 povinnosti a pak jsou pot\u0159eba evropsk\u00e9 pen\u00edze. A pokud st\u00e1vaj\u00edc\u00ed finan\u010dn\u00ed prost\u0159edky nesta\u010d\u00ed, objev\u00ed se nov\u00e9 poplatky, dluhopisy nebo spole\u010dn\u00fd dluh.<\/span><\/p>\n

Pro Doshiho spo\u010d\u00edv\u00e1 z\u00e1sadn\u00ed nedostatek v tom, \u017ee tyto stavby nem\u011bn\u00ed z\u00e1kladn\u00ed riziko. D\u016fm v z\u00e1plavov\u00e9 z\u00f3n\u011b z\u016fst\u00e1v\u00e1 domem v z\u00e1plavov\u00e9 z\u00f3n\u011b. Hotel vedle such\u00e9ho lesa je i nad\u00e1le ohro\u017een po\u017e\u00e1rem. Vysok\u00e9 pojistn\u00e9 je cenou, kterou za toto riziko plat\u00edme, co\u017e nut\u00ed majitele a investory zva\u017eovat ochrann\u00e1 opat\u0159en\u00ed, um\u00edst\u011bn\u00ed a n\u00e1klady. P\u0159esunut\u00ed \u010d\u00e1sti t\u011bchto n\u00e1klad\u016f do velk\u00e9ho evropsk\u00e9ho fondu by mohlo jednotlivc\u016fm zp\u0159\u00edjemnit situaci. Hladina vody a nebezpe\u010d\u00ed po\u017e\u00e1r\u016f v\u0161ak na bruselsk\u00e9 \u00fa\u010detn\u00ed odd\u011blen\u00ed nemaj\u00ed velk\u00fd vliv.<\/span><\/p>\n

A\u010dkoli pojistka je\u0161t\u011b nebyla finalizov\u00e1na, ohromuj\u00edc\u00ed arzen\u00e1l je ji\u017e na r\u00fdsovac\u00edm prkn\u011b. Navrhuje se zaji\u0161t\u011bn\u00ed EU, fond EU pro pomoc p\u0159i katastrof\u00e1ch, evropsk\u00fd fond rizik, pojistka v hodnot\u011b n\u011bkolika miliard eur, Aliance pro klimatick\u00e9 poji\u0161t\u011bn\u00ed, nov\u00e9 c\u00edle \u201eodolnosti v\u016f\u010di klimatu\u201c a po\u017eadavky na spole\u010dn\u00e9 zadlu\u017een\u00ed. Ka\u017ed\u00e1 jednotliv\u00e1 slo\u017eka p\u0159esouv\u00e1 rizika, pen\u00edze nebo rozhodovac\u00ed pravomoc o krok d\u00e1le z \u010dlensk\u00fdch st\u00e1t\u016f do Bruselu. Bou\u0159e, po\u017e\u00e1ry a z\u00e1plavy z\u016fst\u00e1vaj\u00ed lok\u00e1ln\u00edmi riziky. Eurokrat\u00e9 ji\u017e pracuj\u00ed na tom, aby je prom\u011bnili v evropskou rovnici.<\/span><\/p>\n

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Brusel objevil sv\u016fj dal\u0161\u00ed trh v hodnot\u011b mnoha miliard eur: poji\u0161t\u011bn\u00ed proti bou\u0159\u00edm, povodn\u00edm a…<\/p>\n","protected":false},"author":2,"featured_media":116334,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[41,873,11682],"_links":{"self":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/116333"}],"collection":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/comments?post=116333"}],"version-history":[{"count":0,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/116333\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media\/116334"}],"wp:attachment":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media?parent=116333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/categories?post=116333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/tags?post=116333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}