Economics of Climate Adaptation Assessment Model
This solution addresses unknown economic costs of climate events in impact zones around the world for coastal residents, policy makers, reinsurers
Problem Description
With looming environmental disasters stemming from climate change, it's vital that policy makers and other relevant stakeholders are provided with accurate quantitative figures on the potential costs that are associated with these events. The Climada tool was developed as a model to be able to make estimates for what these costs are. It uses probabilistic (not deterministic) modeling to develop robust cost benefit models for various abatement scenarios. Climada is open-source, meaning that anyone is free to take advantage of its full set of features.Building Blocks
Video
Photos
Resources
- Climada Manual
A detailed guide of what Climada is and how it is used
- Economics of Climate Adaption (ECA) Overview
Published by Swiss Re, detailing the aspects of ECA methodology.
- Climada GitHub
The page where Climada can be accessed from
- Gulf Coast Climada use case
A brief overview of how Climada might be applied to a coastal resiliency use case on the Gulf Coast.
Organisations Involved
Contributed By
- Dr. David N. Bresch, Swiss Re
- Prof. Reto Knutti, ETH Zürich
- Lea Mueller, Swiss Re
Solution Stage
One of the 7 stages of an innovation. Learn more
| STAGE | SPECIALIST SKILLS REQUIRED | EXAMPLE ACTIVITIES | RISK LEVEL AND HANDLING | FINANCE REQUIRED | KINDS OF EVIDENCE GENERATED | GOAL |
|---|---|---|---|---|---|---|
| Developing and testing3 | Mix of design and implementation skills |
|
HIGH |
MEDIUM | A stronger case with cost and benefit projections developed through practical trials and experiments, involving potential users | Demonstration that the idea works, or evidence to support a reworking of the idea |
Submitted By
David Bresch