Knowledge Development and Application Concerning Costs of Adaptation Compared to Costs of Inaction

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Knowledge Development and Application Concerning Costs of Adaptation Compared to Costs of Inaction

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Ecologic Institute, in partnership with Ramboll and I4CE, continues its collaboration with the European Environment Agency in supporting the understanding of costs of climate impacts and climate adaptation. The overall aim of this study is to extract, complement and compile quantitative information on the economic costs and socio-economic impacts of climate adaptation versus costs of inaction in EU27 Member States. The work builds on previous work conducted by the consortium for the EEA which serves as the methodological foundation for this project. 

The key tasks are: 

  • to extract and compile quantitative information from existing sources (studies, reports etc.), and to provide input for a questionnaire for EEA member countries;
  • to design a suitable methodology for complementing data derived under 1. with estimates and projections;
  • to compile all quantitative information into a dataset allowing for filtering by different variables/breakdowns as well as aggregation into different (sub-)totals.

The above will be summarised in a report for the EEA. Ecologic Institute is primarily involved in task 1, supporting the literature review on available data on costs of inaction and adaptation.

Understanding and comparing the economic costs of climate adaptation versus inaction in EU27 is essential for informed policy decisions; Ecologic Institute supports this effort through in-depth literature review and data synthesis.

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Keywords
climate adaptation costs, economic impacts of climate change, EU27 climate adaptation, cost of inaction climate, quantitative climate data, Ecologic Institute climate study, climate adaptation methodology, EEA climate impact report, Ramboll I4CE partnership, socio-economic climate analysis
European Union, EU27 Member States, Europe
climate impact cost assessment methodology, quantitative data analysis climate adaptation, climate adaptation projection models
PublicationReportCosts of Adaptation vs Costs of Inaction
 
Document page explaining 'Efficiency and Effectiveness of Adaptation' with a focus on climate change adaptation investments. Includes a 'Stylized framework for assessing adaptation benefits' graph depicting the impact of adaptation over time, from a UNFCCC 2009 source. Text discusses how efficiency and effectiveness inform government investments in climate change, mentioning the Green Climate Fund and the necessity of evaluating adaptation actions.

© European Environment Agency 2022

Both the costs of adaptation and the costs of inaction are central concepts that influence all political decisions. It is necessary to precisely define and calculate these costs to inform policy decisions. Insufficient knowledge and lack of information on these key... Read more

Valverde, María José et al. 2022: Costs of Adaptation vs Costs of Inaction. Final Report. Ramboll Management Consulting, Ecologic Institute, Frankfurt School: Brussels, Berlin, Frankfurt am Main.

PublicationReportThe Cost of Policy Inaction (COPI)
 
Braat. L et al. 2008: The Cost of Policy Inaction (COPI): The case of not meeting the 2010 biodiversity target. Alterra Wageningen University and Research; Institute for European Environmental Policy (IIEP); Ecologic; Fondazione Eni Enrico Mattei (FEEM); GHK; Milieu en... Read more

Braat. L et al. 2008: The Cost of Policy Inaction (COPI): The case of not meeting the 2010 biodiversity target. Alterra Wageningen University and Research; Institute for European Environmental Policy (IIEP); Ecologic; Fondazione Eni Enrico Mattei (FEEM); GHK; Milieu en Natuurplanbureau; United Nations Environmental Programme - World Conservation Monitoring Centre; Witteveen en Bos, Wageningen / Brussels, commissioned. ISBN: ENV.G.1/ETU/2007/0044.

PublicationReportCost of Policy Inaction
 
Bakkes, J.A.; I. Bräuer; P. ten Brink et. al. 2006: Cost of Policy Inaction. Scoping study for DG Environment. ... Read more

Bakkes, J.A.; I. Bräuer; P. ten Brink et. al. 2006: Cost of Policy Inaction. Scoping study for DG Environment.

PublicationPolicy BriefThe Economic Cost of Climate Change in Europe
 
This policy brief synthesises the latest results from the COACCH project on the economic costs of climate change in Europe and identifies areas of possible discussion to explore with stakeholders at the second COACCH workshop. The policy brief is available for download.... Read more

COACCH (2019). The Economic Cost of Climate Change in Europe: Synthesis Report on Interim Results. Policy brief by the COACCH project. Editors: Paul Watkiss, Jenny Troeltzsch, Katriona McGlade, Michelle Watkiss. Published October, 2019.