Economic tools for adaptation
The publication warns that the UN negotiations aimed at tackling climate change are based on substantial underestimates of what it will cost to adapt to its impacts. The real costs of adaptation are likely to be 2-3 times greater than estimates made by the UN Framework Convention on Climate Change (UNFCCC).
DG Fish and Maritime Affairs has published the study it commissioned on the economics of climate change adaptation in EU coastal areas. This report provides insights in the state-of-play and financial dimension of the actions undertaken to prepare Europe’s coastal zones as well as the outermost regions for the effects of climate change. Furthermore, this study compares the different climate change adaptation aspects from an empirical perspective with results drawn from dedicated scientific literature. The study includes 23 specific reports for each of the 22 coastal Member States and the Outermost Regions. A comprehensive compilation of documentation on climate change adaptation in coastal and marine areas can be found in a CIRCA library, including specific information for each coastal Member State and the Outermost Regions.