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Costs of inaction assessed for prioritisation of measures
Austria

The Austrian Action Plan for adaptation has been adopted in October 2012 and suggests more than 130 adaptation measures to be implemented in 14 various fields. In order to identify sectors and areas where adaptation is most needed, a project called „Cost of Inaction: Assessing Costs of Climate Change for Austria“ (COIN) has been launched in 2013.

The aim of COIN is to assess costs of climate change for public and private budgets in Austria (i.e. damage costs with presently agreed mitigation but without adaptation measures), and scope the information where full assessment is not yet possible. Therefore a consistent framework will be developed and applied to all fields of activity/sectors presented in the Austrian national adaptation strategy. Climate scenarios will be interpreted according to each sector’s special needs for certain climate parameters and indices. Instead of delivering a grand total cost sum for all sectors with a top-down assessment from some average climate triggers, this project applies a broad bottom-up approach acknowledging sector specific risks and trends.

The developed framework for assessing costs of climate change will provide valuable insights and lessons learned also for other European countries and help in prioritisation of adaptation measures by focusing on areas which are affected most by climate change impacts.

More information: www.coin.ccca.at