Costs of climate change – benefits of adaptation

With rising mean temperatures, the economic costs of climate change are also due to increase in Germany. The German Federation seeks to support affected stakeholders, such as local authorities or homeowners, in adapting. For this purpose, adelphi and the Centre for European Economic Research (ZEW) will analyse established policy instruments and develop new measures.

Significant costs for adapting to climate change are expected in various areas: for example in buildings and infrastructure due to, increased flooding, or in the health care system due to increased impairments caused heat waves. Before concrete support and incentive programmes can be developed, a comprehensive cost-benefit analysis of the available measures is required. Central aspects here are the cost efficiency of the individual instruments and their prospective steering effects. The focus will be on an integrated, cross-sector assessment whereby non-marketable damages are also accounted for in the cost-benefit-analysis.

Funded by the Federal Environment Agency, the project is initially planned for two years and shall provide for continual discussion of the research results and further suggestions with representatives of Federal Ministries and German States.

For more information please see:
http://www.adelphi.de/en…