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Economics of climate change adaptation in Europe

Economics of climate change adaptation in Europe

Objective

The aim of the ECONADAPT project is to provide user-orientated methodologies and evidence relating to economic appraisal criteria to inform the choice of adaptation actions using analysis that incorporates cross-scale governance under conditions of uncertainty. A critical theme of the proposal is therefore to support the application of adaptation economics in the period following the publication of the EU’s 2013 Adaptation Strategy, focusing on key decision areas that need enhanced economic information, and on the key users of such information. Key decision areas include: management of extreme weather events modified by climate change that have high impact costs in the short term; appraisal of projects where the costs of climate risks are borne over long time periods; appraisal of flows of large-scale EU funds where the case for climate resilience needs to be made; macro-economic effects of climate change risks and adaptation strategies at Member State and EU levels, and; appraisal of overseas development assistance aimed at reducing the damage costs of climate risks in less developed countries. The project will work intensively with stakeholders from e.g. relevant DGs, Member States, Regional or local policy makers, and seek to learn from, and inform, experience. The methods and approaches will be co-developed with the diverse user groups engaged in using economic data within adaptation decision making. A two-tier approach is proposed to provide detailed guidance and empirical data: first, to other economists or private sector organisations with adaptation needs, and second, to other users who may want to use ‘light-touch’ methods, with the empirical data to help in scoping decision making outcomes. A strong link will be made with the European Climate Adaptation Platform (Climate-ADAPT), with the guidance and economic information designed for a wide range of users.
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Coordinator

UNIVERSITY OF BATH

Address

Claverton Down
Ba2 7ay Bath

United Kingdom

Activity type

Higher or Secondary Education Establishments

EU Contribution

€ 471 704

Administrative Contact

Hazel Wallis (Ms.)

Participants (13)

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ECOLOGIC INSTITUT gemeinnützige GmbH

Germany

EU Contribution

€ 234 159

ASOCIACION BC3 BASQUE CENTRE FOR CLIMATE CHANGE - KLIMA ALDAKETA IKERGAI

Spain

EU Contribution

€ 182 640

INTERNATIONALES INSTITUT FUER ANGEWANDTE SYSTEMANALYSE

Austria

EU Contribution

€ 354 330

STICHTING VU

Netherlands

EU Contribution

€ 171 760

POTSDAM INSTITUT FUER KLIMAFOLGENFORSCHUNG

Germany

EU Contribution

€ 153 970

AGRICULTURAL UNIVERSITY OF ATHENS

Greece

EU Contribution

€ 91 760

DANMARKS METEOROLOGISKE INSTITUT

Denmark

EU Contribution

€ 123 514

FONDAZIONE CENTRO EURO-MEDITERRANEOSUI CAMBIAMENTI CLIMATICI

Italy

EU Contribution

€ 194 353

WAGENINGEN UNIVERSITY

Netherlands

EU Contribution

€ 301 597,50

UNIVERSITY OF EAST ANGLIA

United Kingdom

EU Contribution

€ 121 120

PAUL WATKISS ASSOCIATES LTD

United Kingdom

EU Contribution

€ 207 150

UNIVERZITA KARLOVA

Czechia

EU Contribution

€ 166 400

JRC -JOINT RESEARCH CENTRE- EUROPEAN COMMISSION

Belgium

EU Contribution

€ 154 160

Project information

Grant agreement ID: 603906

Status

Closed project

  • Start date

    1 October 2013

  • End date

    30 September 2016

Funded under:

FP7-ENVIRONMENT

  • Overall budget:

    € 3 700 787,80

  • EU contribution

    € 2 928 617,50

Coordinated by:

UNIVERSITY OF BATH

United Kingdom