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Decision-making framework and processes for holistic evaluation of environmental and climate policies.

Objective

The dual climate change and biodiversity crises put an urgency for implementing inclusive, just, and effective policies, while their inextricable nature calls for integrated assessment approaches that capture synergies and trade-offs. Mainstream economic methods currently used in the appraisal of environmental policies fail to capture the complexity of the climate-biodiversity-economy nexus. Even though uncertainty, disruption, and irreversibility are inherent to environmental challenges, these are overlooked when designing and evaluating the performance of policies. Policy effectiveness and resilience against other impact areas, such as quality of life, financial stability, political feasibility, innovation is not included in policy appraisal. Rather, policy evaluation is informed by a narrow set of metrics, falling short of encompassing broader considerations of sustainability and wellbeing.
DECIPHER employs a systems and multi-disciplinary approach using a diverse set of models, methods, and processes to significantly improve decision-making on climate change and biodiversity and enhance policy resilience and feasibility. Moving beyond state-of-the-art, we will establish a holistic and operational decision-making framework that integrates advanced economic and biophysical models, empirical methods and stakeholder participation tools. The novel framework incorporates environmental damages in the economic decisions of agents and introduces a risk-opportunity approach for decision making. To offer critical insights on system dynamics and risks, the models developed will be equipped with innovative features including improved representations of agent behavior, technology innovation, financial risk valuation and the capacity to assess extreme events and critical tipping points. The new decision-making framework will be the end-result of an iterative co-creation process with stakeholders and applied under real-world conditions in the assessment of flagship EU policies.

Coordinator

E3-MODELLING AE
Net EU contribution
€ 440 000,00
Address
Panormou 70-72
11523 Athina
Greece

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Region
Κεντρικός Τομέας Αθηνών Aττική Αττική
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Non-EU contribution
€ 0,00

Participants (9)

CAMBRIDGE ECONOMETRICS (BELGIUM)
Belgium
Net EU contribution
€ 86 250,00
Address
Prins Boudewijnlaan 78/202
2550 Kontich

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Vlaams Gewest Prov. Antwerpen Arr. Antwerpen
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Non-EU contribution
€ 0,00
INTERNATIONALES INSTITUT FUER ANGEWANDTE SYSTEMANALYSE
Austria
Net EU contribution
€ 290 000,00
Address
Schlossplatz 1
2361 Laxenburg

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Region
Niederösterreich Wiener Umland/Südteil
Activity type
Research Organisations
Non-EU contribution
€ 0,00
CLIMATE FINANCE ALPHA
France
Net EU contribution
€ 270 000,00
Address
20 Rue De Vintimille
75009 Paris

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Ile-de-France Ile-de-France Paris
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Non-EU contribution
€ 0,00
GCF - GLOBAL CLIMATE FORUM EV
Germany
Net EU contribution
€ 289 125,00
Address
Neue Promenade 6
10178 Berlin

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Region
Berlin Berlin Berlin
Activity type
Research Organisations
Non-EU contribution
€ 0,00
STICHTING RADBOUD UNIVERSITEIT
Netherlands
Net EU contribution
€ 290 000,00
Address
Houtlaan 4
6525 XZ Nijmegen

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Region
Oost-Nederland Gelderland Arnhem/Nijmegen
Activity type
Higher or Secondary Education Establishments
Non-EU contribution
€ 0,00
UNIVERSIDAD DE LA IGLESIA DE DEUSTO ENTIDAD RELIGIOSA
Spain
Net EU contribution
€ 276 625,00
Address
Avenida De Las Universidades 24
48007 Bilbao

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Region
Noreste País Vasco Bizkaia
Activity type
Higher or Secondary Education Establishments
Non-EU contribution
€ 0,00
BRUEGEL AISBL*
Belgium
Net EU contribution
€ 290 000,00
Address
Rue De La Charite 33
1210 Bruxelles

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Region
Région de Bruxelles-Capitale/Brussels Hoofdstedelijk Gewest Région de Bruxelles-Capitale/ Brussels Hoofdstedelijk Gewest Arr. de Bruxelles-Capitale/Arr. Brussel-Hoofdstad
Activity type
Research Organisations
Non-EU contribution
€ 0,00
TECHNISCHE UNIVERSITEIT DELFT
Netherlands
Net EU contribution
€ 276 000,00
Address
Stevinweg 1
2628 CN Delft

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Region
West-Nederland Zuid-Holland Delft en Westland
Activity type
Higher or Secondary Education Establishments
Non-EU contribution
€ 0,00
CENTRE NATIONAL DE LA RECHERCHE SCIENTIFIQUE CNRS
France
Net EU contribution
€ 105 000,00
Address
Rue Michel Ange 3
75794 Paris

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Region
Ile-de-France Ile-de-France Paris
Activity type
Research Organisations
Non-EU contribution
€ 0,00