Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 24th Aug 2026, 12:48:29am WEST
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Daily Overview |
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Climate Change Adaptation 2 Location: B004 Session Chair: Carolina Bonardi Pellizzari, University of Padua | |
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Assessing macroeconomic effects of firms’ investments in private adaptation across European regions and sectors 1: Faculty of Technology, Policy and Management, Delft University of Technology, The Netherlands; 2: PBL Netherlands Environmental Assessment Agency, The Netherlands Climate is projected to increase the frequency and intensity of extreme-weather events, including river floods. Firms across Europe are already investing in climate change adaptation (CCA) measures to protect themselves against physical risks, with uncertain consequences for regional economies. Given the local nature of CCA and sector-specific investments, macroeconomic assessments of CCA necessitate regional and sectoral resolution to inform policymakers and the private sector. This article introduces an adaptation investment modelling framework within a multi-regional, multi-sectoral computational general equilibrium model, which we apply to the EU27 and the UK. Herein, we formulate a theoretical foundation for the analysis, combining regional data on direct economic damages from river floods with unique national adaptation investment data, differentiated by economic sector. Our analysis reveals that current levels of adaptation have a modest yet positive effect on the European economy by 2100, with more significant GDP gains materialising in Central and Eastern European regions. Additionally, some critical economic sectors, such as Utilities, are particularly sensitive to adaptation investments, showing consistent regional output gains in highly affected regions. Our analysis underscores the need for regionally tailored adaptation strategies for the private sector, which account for differences in the sectoral composition of European regions and their varying exposure to climate impacts. | |