PROJECTS

Climate research on economic impacts

PROJECT TYPE

Pathfinder – develops a detailed understanding on the economic impacts of climate change on corporate activities. 

LOCATION

Pan European, co-ordinated from Germany

START DATE
May 2016
LEAD PARTNER

Potsdam Institute for Climate Impact Research (PIK)

PROJECT MANAGER
THEME

Decision Metrics & Finance

PARTNERS
Carbon Delta 

Climate change threatens to make a significant economic and social impact on our society. Those that will be affected notably are companies, the services they provide and the revenues they generate, basically the backbone of any economy. The effects of climate change are numerous. Climate research on economic impacts (C&E) aims to provide investors with the best, up-to-date research, in a company climate evaluation tool that judges businesses with respect to their climate awareness, mitigation potential and climate risk, pushing strong private sector emission reduction efforts and an increased climate resilience.

In the Pathfinder, the project partners PIK and Carbon Delta will evaluate and review how sophisticated research knowledge and data can be translated into monetary risk assessments for various economic sectors. The focus will be on how effects from global warming can be translated financially and how they drive growth. The dependency of the productivity on annual mean temperatures or how extreme weather events and sea level rise affect the monetary risks of companies (via damage functions) are examples of types of results that can be expected. In return these types of productivity and risk indicators offer the opportunity for innovation to get a better understanding of investor risks in greater detail. Quantifying the risks of climate change will raise its awareness and reduce the costs of damage. This has the potential to make available more climate-related investments in the financial sector.

 
Projects you may be interested in
projects
Developing A Global Market for Climate Risk Inform...

The uncertainty and risks associated with climate change call...

Developing A Global Market for Climate Risk Information
projects
Towards Innovative Low Carbon SMEs

Innovation Agencies are uniquely positioned to collaborate and share...

Towards Innovative Low Carbon SMEs
projects
African Leadership in Climate Finance

Project scope   ALICF aims on developing a demand-driven...

African Leadership in Climate Finance
projects
Defining and initiating a definitive scheme for fo...

The aim of DIFS is to demonstrate the potential...

Defining and initiating a definitive scheme for footprinting the impact of development investments (DIFS)
projects
Transparent Urban Waterways

The Transparent Urban Waterways (TUW) pathfinder project is focused...

Transparent Urban Waterways
projects
Yield loss indication tool – Climate-related cro...

Tanzanian smallholder farmers are highly vulnerable to climate-related crop...

Yield loss indication tool – Climate-related crop yield loss assessment for Tanzania by the statistical crop model IRMA
projects
Overcoming barriers for climate resilient building...

Considerable resources are invested in developing innovative energy-efficient building-envelope...

Overcoming barriers for climate resilient building practices
projects
Industrial Symbiosis for Strong Communities (IS-CO...

This project has used Climate-KIC support to investigate the...

Industrial Symbiosis for Strong Communities (IS-COM)
projects
Optimisation of building envelope to reach cost op...

A consequence of previous building regulations, which centred on...

Optimisation of building envelope to reach cost optimal nearly zero energy buildings (nZEBs)
projects
Clean Air Heat Pump (CAHP)

Nearly 40% of the total energy consumption in EU...

Clean Air Heat Pump (CAHP)
projects
Bioplastics from the grapes wastes to the package ...

Bioplastic social acceptance is advancing and improving, yet bioplastics...

Bioplastics from the grapes wastes to the package biograppa
projects
InclusivEV

The InclusivEV project, a pan European, Climate KIC funded...

InclusivEV
projects
ForValor – Improve the European forest value chain

Developing the business case for an improved European forest...

ForValor – Improve the European forest value chain
projects
Total Recycle Decommissioning (TRD)

The international regulations on the Decommissioning of ships are...

Total Recycle Decommissioning (TRD)
projects
WoodPickER

Emilia-Romagna Region faces the challenge to integrate better forestry...

WoodPickER
projects
Smart bLack carbon (BC) and polycyclic aromAtic hy...

SLAM Project will perform a market scan, related to...

Smart bLack carbon (BC) and polycyclic aromAtic hydrocarbons (PAHs) Monitor : SLAM
projects
Sustainable Mobility Data Integration and Analysis

The project aims at evaluating financial sustainability and technical...

Sustainable Mobility Data Integration and Analysis
projects
Façade Leasing

An initiative of TU Delft’s Faculty of Architecture, in...

Façade Leasing
projects
Collaborative transition towards sustainable urban...

Cities face the challenge of defining optimal strategies for...

Collaborative transition towards sustainable urban drainage: making it happen at district scale
projects
STORMAN

Rainfall is projected to increase in Nordic countries, especially...

STORMAN
projects
Mobility as a Service: A business case for EC2B

Innovation potential and Project scope Urbanisation is increasing globally...

Mobility as a Service: A business case for EC2B
projects
enCO2re: enabling CO2 re-use

EnCO2re is an innovation and market development program for...

enCO2re: enabling CO2 re-use