European and Global Climate Change Projections

Description

The objective of the ClimateCost project is to advance the knowledge on the economics of climate change, focusing on three key areas: the impacts and economic costs of climate change (the costs of inaction), the costs and benefits of adaptation, and the costs and benefits of long-term targets and mitigation. The project has assessed the impacts and economic costs of climate change in Europe and globally. This included a bottom-up sectoral impact assessment for Europe, including adaptation, as well as a global economic modelling analysis with sector-based impact models and computable general equilibrium model.

This technical policy briefing note provides an overview of the global and European regional modelling projections used in the ClimateCost study. It includes the reasons for the choice of emissions scenarios and model projections, and the data sources used. It also provides an interpretation of the available information and the implications for the consideration of uncertainty in the project. 

Reference information