Projection of Economic impacts of climate change in Sectors of the European Union based on boTtom-up Analysis (PESETA)

The PESETA project performed the first regionally-focused multi-sectoral integrated assessment of the impacts of climate change in the European economy, suggesting an innovative modelling framework able to provide useful insights for adaptation policies on a pan-European scale, with the geographical resolution relevant to national stakeholders. Five impacts categories were addressed: agricolture, river floods, coastal system, tourism and human health. These aspects are highly sensitive to changes in mean climate and climate extremes. The approach enables a comparison between the impact categories and therefore provides a notion of the relative severity of the damage inflicted. For the climate scenarios of the study, two time frames were considered: the 2020s and the 2080s. The study evaluated the economic effects of future climate change on the current economy.