CLIBIO<br>Impacts of Climate Change and Biodiversity Effects

CLIBIO Website

Abstract

The project focuses on two major research areas: (1) the macro-economic implications of climate change impacts, and (2) the use of micro-econometric valuation tools to assess the economic costs of climate related biodiversity losses. The first research area aims to assess the economic dimension of several impacts of climate change, including sea level rise, extreme events, new diseases, etc. It will also provide a detailed analysis of impacts in climate sensitive sectors (e.g. tourism and energy) and of major protection interventions. The focus will be both on local, sector specific and systemic impacts. The second area aims to examine the potential of micro-econometric valuation tools, including market and non-market methodologies, to assess the economic value of biodiversity and its role in the design of an effective and broadly accepted biodiversity management policy.

Within the first research area, this new project will use a Computable General Equilibrium model to assess the macro-economic implications of climate change impacts on EU and non EU national economies. In particular, the following activities will be carried out:

• Quantification of the direct physical impacts of climate change and their economic assessment;
• Evaluation of the international and sectoral transmissions of the main direct impacts of climate change;
• Economic assessment of the equilibrium costs of climate change in different regions and sectors.

Within the second research area, the project will offer a review of the valuation literature, including key economic concepts that are essential in the economical analysis and monetization of biodiversity. And it will provide some methodological advances. In particular, the following activities will be carried out:

• Definition of the links between climate change and biodiversity;
• Definition of the links between biodiversity and human well-being;
• Provision of a general economic valuation methodology and critical assessment of past valuation studies;
• Economic valuation of biodiversity benefits, and potential extension of the CGE analysis to incorporate welfare changes induced by impacts of climate change on biodiversity.

Funder

• European Investment Bank, University Research Sponsorship Programme

Duration

• 3 years (01/09/2006-30/09/2009)

Keywords

• Economic Valuation, Climate Change Impacts, Biodiversity

Research Team

• Carlo Carraro , Scientific Coordinator
• Francesco Bosello , WP1 Leader
• Paulo A.L.D. Nunes , WP2 Leader
• Mattia Cai , Researcher
• Aline Chiabai, Researcher
• Enrica De Cian, Ricercatore
• Helen Ding, Researcher
• >strong>Fabio Eboli, Ricercatore
• Andrea Ghermandi, Researcher
• Emanuele Lugato, Ricercatore
• Giulia Macagno, Researcher
• Ruslana Palatnik, Researcher
• Ramiro Parrado, Ricercatore
• Renato N. Rosa, Ricercatore
• Silvia Silvestri, Researcher
• Martina Marian, Project Manager

Links

• EIBURS Project Website