Line of action:

Drivers of biodiversity loss

Status:

En ejecución

Execution date:

2023

Total budget:

€204,561.23

Amount of aid from the Biodiversity Foundation:

€110,290.60

Understanding the factors that increase resilience is essential to managing the risks and opportunities of climate change.
Numerous economic studies have been carried out on the costs and benefits of adaptation measures, but, according to the UCM, these are extremely heterogeneous and it is not always easy to draw conclusions that can be extrapolated to different contexts.
This project will create a database on cost-benefit studies of adaptation measures and analyse the factors influencing adaptive capacity and their economic value.
A model is proposed that addresses the problems of comparability between studies and the use of different risk and adaptation measures that normally complicate the identification of the underlying dose-response relationships.
The project can help reduce uncertainty as to the relationship between the adaptation measures used and their economic benefits, helping to make new measures more efficient.

The general objective of the project is to standardise existing information on cost-benefit assessment of climate change adaptation measures in order to draw transferable conclusions to various areas and avoid maladaptation. This goal has three main components:

• Compile a database on economic analysis of costs and benefits of climate change adaptation measures.
• Create a common measure that allows comparison between the different cost-benefit analyses of adaptation actions or measures available in the literature.
• Identify the main determinants that affect the cost-benefit assessment of climate change adaptation projects.
• To compile the results of the project in a synthetic way for dissemination to decision-makers.

• Compilation and preparation of a database of existing information and studies, both in relation to the current situation of climate change in the territory and plans and programmes in force at European, national and regional level.
• Establishment of priority threats and their adaptation measures under study.
  At least six different measures will be established for each of the main threats.
• Compilation and analysis of cost-benefit studies in different types of climate change adaptation initiatives.
  A database will be developed with the information collected.
• Identification of the gaps in information and knowledge available to evaluate the analysis of the success stories of the measures based on the information from the cost-benefit analysis found.
• Creation of standardised indicators for the treatment of study heterogeneity.
• Development of a new application of Heckman’s selection model as a knowledge transfer function on the cost-benefit analysis of adaptation measures.
  Development of valuation scenarios based on key factors.
• Development of a user rating survey in order to calibrate and validate the results of the model.
• Compilation documentation of the final results and conclusions of the project.
• Dissemination and communication of the project.