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Content archived on 2024-05-27

Full Costs of Climate Change

Objective

There is increasing interest in the economics of climate change to inform policy on a) long-term targets, b) the costs of inaction (the economic effects of climate change), and c) the costs and benefits of adaptation. The objectives of this study are to advance knowledge across all three areas, i.e. the full economic costs of climate change, through the following tasks: 1. To identify and develop consistent climate change and socio-economic scenarios, including mitigation scenarios; 2. To quantify in physical terms, and economic costs, the ‘costs of inaction’ for these scenarios, with bottom-up disaggregated (spatial) modelling for market and non-market sectors (coasts, health, ecosystems, energy, water, infrastructure) in the EU and other major negotiator countries (US, China, India). To extend analysis to quantify and value the costs and benefits of adaptation, and the residual costs of climate change’ after adaptation. 3. To asses the physical effects and economic damages of a number of the most important major catastrophic events and major socially contingent effects. 4. To update the mitigation costs of GHG emission reductions for medium and long-term reduction targets/ stabilisation goals. To include (induced) technological change, non CO2 GHG and sinks, and recent abatement technologies. 5. To quantify the ancillary air quality benefits of mitigation, using a spatially detailed dis-aggregated approach to quantify in physical terms and monetary benefits, in Europe and major negotiator countries. 6. To apply a number of complementary CGM and IAM models to incorporate the information from the tasks above. 7. To bring all the information above together to provide policy relevant output, including information on physical effects and economic values, and undertake analysis of policy scenarios. The project involves a multi-disciplinary team with leading impact and economic experts. It is innovative in developing bottom-up and top-down analysis within consistent scenarios and a single integrated framework, providing highly dis-aggregated outputs on impacts and economic costs.

Fields of science (EuroSciVoc)

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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)

Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

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-ENV-2007-1
See other projects for this call

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.

CP-FP - Small or medium-scale focused research project

Coordinator

SEI OXFORD OFFICE LIMITED
EU contribution
€ 365 891,00
Address
OXFORD ECO CENTRE ROGER HOUSE, OSNEY MEAD
OX2 0ES Oxford, Oxfordshire
United Kingdom

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Region
South East (England) Berkshire, Buckinghamshire and Oxfordshire Oxfordshire
Activity type
Other
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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.

No data

Participants (21)

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