EU-wide economic valuation of adaptation to climate change

Within the BASE project the economic effects of adaptation to climate change are systematically evaluated both from a bottom up and top down perspective. This is done by integrating sectoral models and economic models at EU and global scale with information from selected case studies across sectors and regions within Europe. In addition this layered approach builds upon previous studies that have either focused on a top down modelling or bottom up case-based approach. This deliverable 6.3 of BASE is reporting in particular on the results of the modelling exercises executed within the project. Costs and benefits are explored for present and future climates, for different socio-economic developments paths and different adaptation strategies. For all models the SSP (Shared Socio-economic Pathways) 2 (‘middle of the road’), 3 (‘fragmented world’) and 5 (‘market driven development’) have been explored as well as the climate scenarios according to RCP (Remote concentration pathway) 4.5 (average climate change) and 8.5 (high climate change) for 2050.