This technical policy briefing note provides an overview of the European-wide assessment of the impacts and economic costs of floods as part of the ClimateCost project.
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.
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