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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

Lead Applicant

n/a

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 Hub

n/a

Research Theme

Climate Solutions, Transition Management and Opportunities

Start Date

04/01/2021

Initial Projected Completion Date

03/01/2023