Costing Climate Change Impacts & Adaption in Ireland

Costing Climate Change Impacts & Adaptation in Ireland

Background

Increased flood risk as a result of climate change is a major issue for Ireland. To manage flood risk effectively more needs to be known about the economic costs of flooding and its impact on economic activities in the short, medium and long term. This will be the focus of this project. This research is supported by Ireland’s Environmental Protection Agency (EPA) and the Irish Department for the Environment Community and Local Government under the EPA Research Programme 2014-2020.

The Research

University College Cork (UCC) and the Grantham Research Institute at the London School of Economics and Political Science (LSE) have been commissioned by the EPA to develop a framework for costing the impact of flood risk on the Irish economy and assessing the options for managing it, with a specific focus on local businesses and the insurance industry.

The framework will assist the EPAto prioritise adaptation measures. It will identify costs for specific sectors and assist with the identification of financing sources for flood risk management i.e. the share of public, private and mixed funding. There will be a particular focus on the role (current and future) of the insurance industry.

Outcomes

-          Assessment of sectoral costs and benefits of climate impacts in Ireland, with a specific focus on flooding.

                This work will include a case study on Cork.

-          Assessment of the role of insurance industry in flood risk management in Ireland

-          Recommendations on funding sources for climate change adaptation action.

Working with stakeholders

The project will be informed by an ongoing dialogue with key stakeholders. An initial stakeholder workshop is being planned for May or June 2016. More information will be available on stakeholder engagement activities in spring 2016.          

Contact

Swenja Surminski, Senior Research Fellow, Grantham Research Institute, London School of Economics and Political Science

e: S.Surminski@lse.ac.uk   

Tom McDermott, Lecturer, School of Economics, University College Cork, Ireland

e: thomas.mcdermott@ucc.ie  

 

For details of the current Post Doctoral Researcher opportunity please go to https://www.ucc.ie/en/hr/vacancies/research/full-details-624866-en.html

Environmental Research Institute

University College Cork, Lee Road, Cork

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