This report presents the conclusions of the study titled "Macro-economic / Top-down Assessment of Climate Impacts on the EU Economy." Commissioned to assist the European Commission’s Directorate-General for Climate Action (DG CLIMA), the study explores how climate change-induced hazards may influence the EU's socio-economic landscape. Its central aim is to deliver both qualitative and quantitative perspectives on the broader macro-economic effects of significant climate hazards. It also investigates how these climate-related shocks ripple through different sectors of the economy. By compiling and analysing relevant data, the study provides a knowledge base to help the European Commission assess how such impacts could potentially challenge the EU’s ability to meet its climate mitigation objectives.

The study "Macro-economic / top-down assessment of climate impacts on the EU economy" by Ramboll, SEURECO and Ecologic Institute aims to assist the Commission by providing a solid assessment of the costs of climate impacts in the EU, with a particular focus on the economic and social (distributional) costs which, according to the existing scientific evidence, could be potentially very significant.