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

  • Screen shot 2016 01 19 at 7.54.13 am

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

  • Screen shot 2016 01 19 at 7.54.13 am
  • Sidr screen1
  • Bgd assets centroids
  • Adaptation cost curve hig vs dct

Resources

Organisations Involved

Contributed By

  • Dr. David N. Bresch, Swiss Re
  • Prof. Reto Knutti, ETH Z├╝rich
  • 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
  • Rapid prototyping
  • Service, product and process design
  • Co-design
  • User-design
  • Light-touch evaluation
  • Cost-benefit modelling
  • Randomised control trials
  • High failure rate should be an explicit expectation
  • Visible senior leadership essential
HIGH
  • Grants, convertible grants/loans
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

Key Details

Activity