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: Shell agrees to start clean up of 2008 Niger Delta oil spill

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

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

Japan eyeing 26% greenhouse gas cut: officials

May 01, 2015

Japan is planning to pledge a 26 percent cut in its greenhouse gas emissions from 2013 levels, ahead of a global summit on climate change this year, officials said Friday.

Unforeseen dangers in a global food system

May 01, 2015

New York City Mayor Bill de Blasio's claim during a recent blizzard that food delivery bikes were not emergency vehicles caused a small disruption in the City's normally fast, abundant and inexpensive access ...

Emissions from natural gas wells may travel far downwind

May 01, 2015

Emissions linked to hydraulic fracturing, the method of drilling for natural gas commonly known as "fracking," can be detected hundreds of miles away in states that that forbid or strictly control the practice, ...

Research helps tackle mine tailings disasters

May 01, 2015

Research and technology transfer activities at The University of Western Australia are helping address a persistent and serious problem facing the mining industry worldwide.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.