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ClimateCost project and navigation page

Multiple Authors

ClimateCost (the Full Costs of Climate Change) is a major research project on the economics of climate change, funded from the European Community’s Seventh Framework Programme.The three primary objectives of the project are to advance knowledge in the following areas:

  • Long-term targets and mitigation policies.
  • Costs of inaction (the economic effects of climate change).
  • Costs and benefits of adaptation.

To achieve these objectives, seven research tasks were agreed upon:

  • Identify and develop consistent scenarios for climate change and socio-economic development, including mitigation scenarios.
  • Quantify in physical terms, and value as economiac costs, the effects of future climate change (the ‘costs of inaction’) under different scenarios for the EU and other major negotiator countries (China, India). This analysis will be at a disaggregated level, undertaken, where possible using spatial analysis (Geographic Information Systems, GIS). The analysis will include market and non-market sectors (coasts, health, ecosystems, energy, water and infrastructure). The analysis will also quantify and value the costs and ‘benefits’ of adaptation.
  • Assess the potential physical effects and economic costs of major catastrophic events and major socially contingent effects.
  • Update the mitigation costs of greenhouse gas (GHG) emissions reductions, consistent with medium- and long-term reduction targets/stabilisation goals for the mitigation scenarios, including (induced) technological change, non-CO2 GHG and sinks, and recent abatement technologies.
  • Quantify the ancillary air-quality co-bene!ts (in physical and economic terms) of mitigation, using a spatially detailed disaggregated approach to quantify bene!ts in Europe, China and India.
  • Develop and apply a number of General Circulation Models (GCMs) and Integrated Assessment Models (IAM) to integrate the analyses.
  • Bring the information together to provide policy relevant output, including undertaking analysis of policy scenarios.

This presentation outlines some key features and outcomes of the ClimateCost project:


  1. Climate Cost Brochure
  2. Publishable Summary: 18 month update
Technical Policy Briefing Notes
  1. European and Global Climate Change Projections
  2. Sea Level Rise
  3. River Floods
  4. Energy
  5. Health
  6. Ancillary Air Quality Benefits
  7. Extreme Outcomes
Policy Summaries
  1. PS2- Costs and Benefits of Adaptation in Europe: Review Summary and Synthesis
  2. PS4- The PAGE09 Model

ClimateCost team

  1. Stockholm Environment Institute (SEI) Oxford, UK (coordinator)
  2. European Commission – JRC, Seville, Spain
  3. Danish Meteorological Institute (DMI), Denmark
  4. Potsdam Institute for Climate Impact Research (PIK), Potsdam, Germany
  5. University of Southampton (Soton), Southampton, UK
  6. Fondazione Eni Enrico Mattei (FEEM), Milan, Italy
  7. International Institute for Applied Systems Analysis (IIASA), Laxenburg, Austria
  8. Metroeconomica (Metro), Bath, UK
  9. Institute of Communication and Computer Systems (ICCS), Athens, Greece
  10. Katholieke Universiteit Leuven-Center of Economic Studies (KUL), Leuven, Belgium
  11. AEA Technology plc (AEA), Harwell, UK
  12. Universidad Politecnica de Madrid (UPM), Madrid, Spain
  13. Paul Watkiss Associates (PWA), Oxford, UK
  14. Economic and Social Research Institute (ESRI), Dublin, Ireland
  15. London School of Hygiene & Tropical Medicine (LSHTM), London, UK
  16. Zentrum fur Europaische Wirtschaftsforschung (ZEW), Bonn, Germany
  17. University of the Aegean (UoA), Athens, Greece
  18. University of East Anglia (UEA), Norwich, UK
  19. Charles University Environment Center (CUEC), Prague, Czech R.
  20. The Energy and Resources Institute (TERI), Delhi, India
  21. Energy Research Institute (ERI), Beijing, China
  22. Universite de Grenoble-2 (UG-2), Grenoble, France

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