The objective of the ClimateCost project is to advance the knowledge on the economics of climate change, focusing on three key areas: the impacts and economic costs of climate change (the costs of inaction), the costs and benefits of adaptation, and the costs and benefits of long-term targets and mitigation. The project has assessed the impacts and economic costs of climate change in Europe and globally. This included a bottom-up sectoral impact assessment for Europe, including adaptation, as well as a global economic modelling analysis with sector-based impact models and computable general equilibrium models.
It should be noted that coastal flooding is included in briefing note 2 and that the analysis here does not include intra-urban flooding.
