Assessing the cost of climate change and its wider impact on society

Aug 07, 2013
Assessing the cost of climate change and its wider impact on society
Credit: Shutterstock

In today's globalised and more populated world, human impacts on the environment are becoming more complex and far-reaching - affecting everyone. With the world's population forecast to rise by 26 percent to around 9 billion by 2050, this trend is set to continue. Efficient responses to such global changes - social, economic and environmental - have become more critical than ever.

Researchers for EU-funded project GLOBAL-IQ ('Impact Quantification of Global Changes') are contributing to the debate by assessing the socio-economic on society. They will also evaluate the costs and benefits of possible mitigation and adaptation strategies.

GLOBAL-IQ's economic impact assessments cover sectors such as health, amenities, population, land use, water, energy, and trade and transportation. The researchers are also working to improve currently used to assess the best strategies for dealing with global changes.

Project researchers began in 2011 with an interdisciplinary overview of global change, and moved on to quantifying the impacts. GLOBAL-IQ has advanced its work on identifying the best strategies to reduce the impact of climate change or to help society adapt to change.

GLOBAL-IQ's work will also help to improve the reliability of the UK government's Stern Review on the global economic impact of climate change. The ground-breaking study, published in 2006, concluded that the costs to society of doing nothing would be many times greater than taking action now.

For example, a GLOBAL-IQ 2012 paper introduces a theoretical framework on the relationship between and global concentration by taking into account the uncertainty and risks decision-makers face when they have to formulate responses.

The project, scheduled for completion in 2014, will also help to build and consolidate a research network for sharing knowledge on these issues across Europe.

Explore further: Models for a more effective response to climate change

More information: GLOBAL-IQ www.global-iq.eu/

add to favorites email to friend print save as pdf

Related Stories

Models for a more effective response to climate change

Aug 05, 2013

There is now widespread acceptance that the climate is changing due to human-related greenhouse gas emissions. Climate change will affect all sectors of society and the environment at the local, national ...

On the global water trail

Jul 03, 2013

Water is one of humanity's most pressing issues. Do we have enough of it for drinking, for farming or for industry? Too much, in the shape of flooding? Or too little, in the form of drought? The WATCH project, ...

Recommended for you

US delays decision on Keystone pipeline project

Apr 18, 2014

The United States announced Friday a fresh delay on a final decision regarding a controversial Canada to US oil pipeline, saying more time was needed to carry out a review.

New research on Earth's carbon budget

Apr 18, 2014

(Phys.org) —Results from a research project involving scientists from the Desert Research Institute have generated new findings surrounding some of the unknowns of changes in climate and the degree to which ...

User comments : 0

More news stories

China says massive area of its soil polluted

A huge area of China's soil covering more than twice the size of Spain is estimated to be polluted, the government said Thursday, announcing findings of a survey previously kept secret.

European climate at the +2 C global warming threshold

A global warming of 2 C relative to pre-industrial climate has been considered as a threshold which society should endeavor to remain below, in order to limit the dangerous effects of anthropogenic climate change.

Atom probe assisted dating of oldest piece of earth

(Phys.org) —It's a scientific axiom: big claims require extra-solid evidence. So there were skeptics in 2001 when University of Wisconsin-Madison geoscience professor John Valley dated an ancient crystal ...