Agency: Cordis | Branch: FP7 | Program: CP | Phase: ENV.2013.6.1-6 | Award Amount: 3.70M | Year: 2013
The aim of the ECONADAPT project is to provide user-orientated methodologies and evidence relating to economic appraisal criteria to inform the choice of adaptation actions using analysis that incorporates cross-scale governance under conditions of uncertainty. A critical theme of the proposal is therefore to support the application of adaptation economics in the period following the publication of the EUs 2013 Adaptation Strategy, focusing on key decision areas that need enhanced economic information, and on the key users of such information. Key decision areas include: management of extreme weather events modified by climate change that have high impact costs in the short term; appraisal of projects where the costs of climate risks are borne over long time periods; appraisal of flows of large-scale EU funds where the case for climate resilience needs to be made; macro-economic effects of climate change risks and adaptation strategies at Member State and EU levels, and; appraisal of overseas development assistance aimed at reducing the damage costs of climate risks in less developed countries. The project will work intensively with stakeholders from e.g. relevant DGs, Member States, Regional or local policy makers, and seek to learn from, and inform, experience. The methods and approaches will be co-developed with the diverse user groups engaged in using economic data within adaptation decision making. A two-tier approach is proposed to provide detailed guidance and empirical data: first, to other economists or private sector organisations with adaptation needs, and second, to other users who may want to use light-touch methods, with the empirical data to help in scoping decision making outcomes. A strong link will be made with the European Climate Adaptation Platform (Climate-ADAPT), with the guidance and economic information designed for a wide range of users.
Agency: Cordis | Branch: FP7 | Program: CP-FP | Phase: ENV.2007.1.1.6.1. | Award Amount: 4.61M | Year: 2008
There is increasing interest in the economics of climate change to inform policy on a) long-term targets, b) the costs of inaction (the economic effects of climate change), and c) the costs and benefits of adaptation. The objectives of this study are to advance knowledge across all three areas, i.e. the full economic costs of climate change, through the following tasks: 1. To identify and develop consistent climate change and socio-economic scenarios, including mitigation scenarios; 2. To quantify in physical terms, and economic costs, the costs of inaction for these scenarios, with bottom-up disaggregated (spatial) modelling for market and non-market sectors (coasts, health, ecosystems, energy, water, infrastructure) in the EU and other major negotiator countries (US, China, India). To extend analysis to quantify and value the costs and benefits of adaptation, and the residual costs of climate change after adaptation. 3. To asses the physical effects and economic damages of a number of the most important major catastrophic events and major socially contingent effects. 4. To update the mitigation costs of GHG emission reductions for medium and long-term reduction targets/ stabilisation goals. To include (induced) technological change, non CO2 GHG and sinks, and recent abatement technologies. 5. To quantify the ancillary air quality benefits of mitigation, using a spatially detailed dis-aggregated approach to quantify in physical terms and monetary benefits, in Europe and major negotiator countries. 6. To apply a number of complementary CGM and IAM models to incorporate the information from the tasks above. 7. To bring all the information above together to provide policy relevant output, including information on physical effects and economic values, and undertake analysis of policy scenarios. The project involves a multi-disciplinary team with leading impact and economic experts. It is innovative in developing bottom-up and top-down analysis within consistent scenarios and a single integrated framework, providing highly dis-aggregated outputs on impacts and economic costs.
Agency: Cordis | Branch: FP7 | Program: CP-IP | Phase: ENV.2011.1.1.6-1 | Award Amount: 8.45M | Year: 2011
Political discussions on the European goal to limit global warming to 2C demands that discussions are informed by the best available science on projected impacts and possible benefits. IMPACT2C enhances knowledge, quantifies climate change impacts, and adopts a clear and logical structure, with climate and impacts modelling, vulnerabilities, risks and economic costs, as well as potential responses, within a pan-European sector based analysis. IMPACT2C utilises a range of models within a multi-disciplinary international expert team and assesses effects on water, energy, infrastructure, coasts, tourism, forestry, agriculture, ecosystems services, and health and air quality-climate interactions. IMPACT2C introduces key innovations. First, harmonised socio-economic assumptions/scenarios will be used, to ensure that both individual and cross-sector assessments are aligned to the 2C (1.5C) scenario for both impacts and adaptation, e.g. in relation to land-use pressures between agriculture and forestry. Second, it has a core theme of uncertainty, and will develop a methodological framework integrating the uncertainties within and across the different sectors, in a consistent way. In so doing, analysis of adaptation responses under uncertainty will be enhanced. Finally, a cross-sectoral perspective is adopted to complement the sector analysis. A number of case studies will be developed for particularly vulnerable areas, subject to multiple impacts (e.g. the Mediterranean), with the focus being on cross-sectoral interactions (e.g. land use competition) and cross-cutting themes (e.g. cities). The project also assesses climate change impacts in some of the worlds most vulnerable regions: Bangladesh, Africa (Nile and Niger basins), and the Maldives. IMPACT2C integrates and synthesises project findings suitable for awareness raising and are readily communicable to a wide audience, and relevant for policy negotiations.