Objective
Climate change is projected to cause global economic losses of $38 trillion annually until 2050, with severe consequences for societies and regional economies. “Stranded assets” refer to capital, labour and natural endowments that undergo early devaluation due to climate change. While a higher risk of asset stranding is assumed to strengthen incentives for adaptation and mitigation, evidence shows divergent societal responses: While Alpine ski resorts invest in expanding infrastructure, tourism investments in some coastal regions are withdrawn. Why do actors facing comparable risks respond differently? The STRANDED project investigates how climate-induced economic losses are socially mediated through cultural identities and political-economic structures and why responses diverge across regions. Methodologically, STRANDED employs a cross-case comparison of climate-vulnerable regional economies dependent on nature-based tourism across the global north: ski tourism struggling with warmer and drier winters and coastal property suffering from rising sea levels and hurricanes. Its objectives are threefold: 1) to make global projections of climate-related losses empirically tangible by comparing diverse regional economies; 2) to develop an interdisciplinary theoretical framework explaining heterogeneous responses by integrating sociology, political economy, and environmental science; and 3) to generate actionable insights for policymakers and communities designing resilient and future-proof economies. The project advances sociology, political economy, and climate research by showing that maladaptation and insufficient mitigation often persist even where addressing them would be economically rational, reflecting underlying socio-political dynamics rather than purely economic constraints. STRANDED thus provides urgently needed knowledge to inform place-sensitive policies to counter asset stranding, prevent “left behind” regions, and foster sustainable climate transitions.
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: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- social sciences sociology
- natural sciences earth and related environmental sciences environmental sciences
- natural sciences earth and related environmental sciences atmospheric sciences climatology climatic changes
- social sciences economics and business economics political economy
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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HORIZON.1.1 - European Research Council (ERC)
MAIN PROGRAMME
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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.
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.
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.
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.
HORIZON-ERC - HORIZON ERC Grants
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) ERC-2026-STG
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
1010 Wien
Austria
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.