Both the models concerning the future climate evolution and its impacts, as well as the models assessing the costs and benefits associated with different mitigation pathways, face a high degree of uncertainty. In this respect, there is an urgent need to not only understand the costs and risks associated with climate change but also the risks, uncertainties and co-effects related to different mitigation pathways as well as public acceptance (or lack of) of low-carbon (technology) options. The main aims and objectives of TRANSrisk, therefore, are to create a novel assessment framework for analyzing costs and benefits of transition pathways that will integrate well-established approaches to modeling the costs of resilient, low-carbon pathways with a wider interdisciplinary approach including risk assessments. In addition, TRANSrisk aims to design a decision support tool that should help policymakers to better understand uncertainties and risks and enable them to include risk assessments into more robust policy design.
Budget: ~8.0 M. Euro
More information: http://transrisk-project.eu/