CLIMECO | Climate Change Impacts Costing Study and an Economic Appraisal of Adaptation Measures in Ireland
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Project Team
Trinity College Dublin
ESRI
Location
Ireland
Themes
Climate Change Adaptation; Critical Infrastructure
Description
The CLIMECO project will contribute to a better understanding of the potential costs of climate change impacts in Ireland, as well the costs and benefits of various adaptation options. The project brings together expertise in vulnerability assessment, quantitative risk modelling and economic analysis to develop improved costings for Ireland due to climate change impacts, as well as costings of adaptation measures. A novel economic appraisal framework for evaluating adaptation options will be developed, which integrates cross-sectoral physical vulnerabilities of critical infrastructure networks due to climate change impacts in Ireland, and the associated economic and societal losses through advanced modelling. Adaptation options can then be compared for given scenarios in terms of the associated costs and expected benefits, which are weighed up against the avoided costs, as well as other important criteria, including household equality, avoided impacts, avoided loss of life, etc. Importantly, the project will consider the various sources of uncertainty associated with impact and adaptation costings, and it will demonstrate modelling options to account for these sources of uncertainty.
Expected Project Impact
The CLIMECO project will contribute to more informed adaptation planning that considers cross-sectoral climate impacts, and it will support Ireland’s transition to a climate-resilient society.
Funding Agency
Participating Organisation
ESRI, through Dr. Kelly de Bruin, Dr. Clement Kweku Kyei
Specific Policies/Targets Addressed
National Adaptation Framework, Climate Action Plan
DISCLAIMER: Although every effort has been made to ensure the accuracy of the material contained in this webpage, complete accuracy cannot be guaranteed. Neither the Environmental Protection Agency nor the authors accept any responsibility whatsoever for loss or damage occasioned or claimed to have been occasioned, in part or in full, as a consequence of any person acting or refraining from acting, as a result of a matter contained in this webpage.
This project is funded under the EPA Research Programme 2021-2030. The EPA Research Programme is a Government of Ireland initiative funded by the Department of Climate, Energy and the Environment.
