Objective Minimising the welfare cost of climate change requires effective adaptation policies. Consequently, the EU strategy on climate change adaptation prioritises the creation of ‘frameworks, models and tools to support decision-making and to assess [the effectiveness of] various adaptation measures’. Accurate measurement of welfare cost is a prerequisite for effective policy prioritisation. The current state of the art quantifies welfare costs using aggregated methodologies. This has been shown to bias cost estimation and does not capture the socioeconomic distribution of welfare impacts. This bias may therefore affect the effectiveness of adaptation measures. Integrating climate impact models (with which Prof Lotze-Campen and the Potsdam Institute for Climate Impact Research [PIK] are experts) with Spatial Microsimulation (SM) modelling (with which the experienced researcher, Dr. Farrell, is an expert) provides a framework to estimate micro-level welfare impacts and thus overcome these deficiencies. Furthermore, this project integrates these estimates into decision-making models to aid policy. This project provides: (1) a timely contribution; (2) a strong multidisciplinary focus; (3) a transfer of SM knowledge to PIK, improving their ability to quantify the welfare impacts of climate change; (4) strong training in climate science and decision-making tools for Dr. Farrell; (5) strong communication/dissemination strategy drawing on resources of Dr. Farrell and PIK.The value of this project is in the collaborative opportunities provided by the research fellowship. PIK provides the best possible opportunities for mentorship and training/professional development for Dr. Farrell. This establishes Dr. Farrell as the leading expert in an emerging field of micro-based welfare estimation of climate change impacts and, coupled with the integration of the research networks of Dr. Farrell and PIK, provides a platform through which many further career developments are possible. Fields of science natural sciencesearth and related environmental sciencesatmospheric sciencesclimatologyclimatic changes Keywords Environmental Economics Climate Change Spatial Microsimulation Distributional impact Adaptation Programme(s) H2020-EU.1.3. - EXCELLENT SCIENCE - Marie Skłodowska-Curie Actions Main Programme H2020-EU.1.3.2. - Nurturing excellence by means of cross-border and cross-sector mobility Topic(s) MSCA-IF-2016 - Individual Fellowships Call for proposal H2020-MSCA-IF-2016 See other projects for this call Funding Scheme MSCA-IF - Marie Skłodowska-Curie Individual Fellowships (IF) Coordinator POTSDAM-INSTITUT FUR KLIMAFOLGENFORSCHUNG EV Net EU contribution € 159 460,80 Address Telegrafenberg a31 14473 Potsdam Germany See on map Region Brandenburg Brandenburg Potsdam Activity type Research Organisations Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 0,00
