Full costs of climate change (ClimateCost)
Description:
The objectives of ClimateCost are to advance knowledge of the full economic costs of climate change (costs of inaction and adaptation), through the following tasks:
- To identify and develop consistent scenarios for climate change and socio-economic development, including mitigation
- To quantify in physical terms, and economic costs, the costs of inaction for these scenarios
- To extend analysis to quantify and value the costs and benefits of adaptation, and the residual costs of climate change after adaptation
- To asses the physical effects and economic damages of a number of the most important major catastrophic events and major socially contingent effects
- 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.
Policy relevant output includes a series of policy briefs on adapation costs for European and Global Climate Change Projections, Sea Level Rise, River Floods, Energy, Health, Europe co-benefits. These can be downloaded from the project website.
Project information
Lead
Stockholm Environment Institute (SEI) Oxford (UK), Tom Downing (tomdowning.sei@gmail.com)
Partners
22 institutes in Europe, India and China
Source of funding
FP 7
Published in Climate-ADAPT Jun 07 2016 - Last Modified in Climate-ADAPT Mar 05 2024