Assessing economic risk from climate change in Europe

The Assessing Climate Change Risk in Europe (ACCREU) project aims to advance science on economic impacts from climate change, adaptation actions, and enhancing macroeconomic frameworks for use in policy-making.

, Berlin, Germany

Project period
June 2023 – December 2026

Horizon Europe

International Institute for Applied Systems Analysis
University of Graz
Stichting VU
Universita Ca’ Foscari Venezia
Basque Center for Climate Change
Stichting Deltares
Potsdam Institute for Climate Research
Global Climate Forum
Danmarks Tekniske Universitet
Utrecht University
Paul Watkiss Associates LTD

The ACCREU project aims to expand scientific knowledge on climate change impacts by analysing the socio-economic, distributional, monetary and non-monetary implications of climate risk. The work will focus on supply chain effects, compound extremes, health, economic well-being, poverty, biodiversity and natural resource management.

Project partners will then use this state-of-the-art evidence to asses incremental and transformational adaptation actions to address existing gaps, and showing how European countries can better manage climate change risks and opportunities. Through an integrative process of modelling mitigation and adaptation strategies, the project develops an evidence-based, expert-informed macroeconomic frameworks that include distributional, fiscal and financial dimensions.

Climate Analytics is leading analysis on quantifying the impacts of climate extremes on the likelihood of poverty and other forms of deprivation at the household level.