CLIMECO | Climate Change Impacts Costing Study and an Economic Appraisal of Adaptation Measures in Ireland

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

EPA

Participating Organisation

ESRI, through Dr. Kelly de Bruin, Dr. Clement Kweku Kyei

Specific Policies/Targets Addressed

National Adaptation Framework, Climate Action Plan