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PESETA project: Projection of Economic impacts of climate change in Sectors of the European union based on boTtom-up Analyses

PI: Juan Carlos Ciscar
Institution: European Commission Joint Research Centre
Additional Investigators: Guillaume Leduc
The Institute for Prospective Technological Studies (IPTS) of the Joint Research Centre (JRC) of the European Commission provides techno-economic analysis in order to support European decision-makers. IPTS recently contributed to the analysis of the post-2012 climate policies, concerning both the costs and benefits of EU climate policy.

In that context JRC-IPTS is launching the PESETA project, composed of a number of sectoral studies on the impacts of climate change in Europe. Impact categories to be included are human health, coastal zones, river floods, agriculture, tourism, and energy demand. The project will try to provide ranges of monetary valuations of the expected impacts of climate change in Europe, given the state-of-the-art of today's methods and knowledge on the physical impacts of climate change.

The value-added from the PESETA study mainly comes from putting together, synthesising, the nowadays available sectoral impact studies under a consistent climatic and socio-economic framework, as well as from the expected progress in the methods and databases of the various sectoral impact assessments. Furthermore, for the sake of cross-sectoral comparison, it is vital to use the same set of climatic scenarios in all sectoral studies.

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