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Project Code [CCAC202001]
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Project title
An Economic Assessment of Climate Change Impacts and Adaptation Options in Ireland
Primary Funding Agency
Environmental Protection Agency
Co-Funding Organisation(s)
n/a
Lead Organisation
Economic and Social Research Institute
Project Abstract
This project consists of three work packages (WP). In WP1 the climate change impacts facing Ireland are categorised, the associated economic costs are estimated, and the bearers of these costs are identified. WP2 studies adaptation options that can be applied to reduce the initial impacts identified in WP1. These adaptation options are quantified in terms of economic costs and benefits. WP3 applies the outputs of the previous work packages to implement climate change impacts and adaptation into a Computable General Equilibrium (CGE) Model for Ireland, namely I3E. I3E allows for the investigation of secondary spill-over effects of initial impacts and adaptation investments through the explicit modelling of intersectoral linkages. The consequences of climate change for different industries, the overall macro-economy and the labour market will be estimated. Applying the household distinction in the I3E model, distributional effects are investigated across household types (rural vs urban, rich vs poor). This project can give valuable insights into not only the potential climate change impacts facing Ireland, but also their further effects on the economy, labour market and households. This project provides evidence to assist in the development of sound climate policies, which help compensate industries and households most vulnerable to climate impacts.
Grant Approved
�169,738.00
Research Theme
Climate Solutions, Transition Management and Opportunities
Initial Projected Completion Date
03/01/2023