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Content archived on 2024-05-27

Climate Change Impacts – Economic Modelling and Assessment

Objective

"One of the weaknesses of Integrated Assessment Models (IAMs) is their characterization of the impacts of climate change. The models have tended to rely on very simple reduced form damage functions that provide very little detail about climate impacts and their distribution. The aggregate quality of these damage functions makes it very difficult to determine how to measure damages. Parameter values and functional forms have been somewhat arbitrary. The values for these damage functions have not been updated as impact research has evolved to include adaptation.
The objective of the research project is to address this general shortcoming in IAMs. The research will begin with a broad review of the literature on impacts and adaptation. The project will then focus on incorporating the latest findings into a more detailed model of climate impacts. The focus of this effort is to provide the most accurate measure of the damages from potential future climate changes. Finally, the new climate impact model will be integrated into the a well-known IAM to perform cost-benefit analysis of stabilizing Greenhouse gases concentrations at low levels, at the end of the century."

Fields of science (EuroSciVoc)

CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.

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Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

FP7-PEOPLE-2010-IOF
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Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

MC-IOF - International Outgoing Fellowships (IOF)

Coordinator

FONDAZIONE ENI ENRICO MATTEI
EU contribution
€ 219 284,80
Address
CORSO MAGENTA 63 COMPLESSO IMMOBILIARE LE STELLINE
20123 Milano
Italy

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Region
Nord-Ovest Lombardia Milano
Activity type
Research Organisations
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

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