Assessing the costs and benefits of climate change adaptation for different sectors
How will climate change affect European beach and ski tourism? What are the impacts of extreme downpour on traffic in Zürich, or the economy of London? How will extended heat waves affect the production costs of nuclear energy in France? These and other questions are addressed in ToPDAd's assessment of sectoral and cross-cutting adaptation strategies.
ToPDAd studied in total five cases from tourism, energy and transport, and two cross-cutting ones, and assessed the costs and benefits of different adaptation strategies for each of these cases.
The report "Sectoral and cross-curring multi-sector adaptation strategies for energy, transport and tourism" summarises the results of these case studies.
The projections show, for instance, that in some touristic regions revenues might drop by 15% or more, while the overall effects for the tourism sector will be only modest. Climate change will however lead to significant spatial and sectoral reallocation, whith peripheral regions and regions with limited capacity to diversify their offer to tourists, losing out most.
Taking an example from the transport sector, ToPDAd's calculations show that one day in disruptions or disturbance in urban traffic can cost between 6 and 30 million EUR, while informing travellers can to some extent reduce costs.
The cost projections in the report are based on different scenarios of climate change and economic development, while also taking into account different levels of adaptation. A distinction is made between automatic adaptation. i.e. anticipating reactions from economic actors to the changed conditions, and planned adapation or automatic adaptation enhanced by innovation.
The factsheets below summarise the results for each sector:
To read the full report, click here.