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June 13, 2026Economics of Disasters and Climate ChangeOpen Access

Spatially-Explicit Economic Impacts and Risks of Climate Change in Europe

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Authors

PIPredrag IgnjačevićWBW J Wouter BotzenRPRamiro Parrado

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Overview

Randomized trial examines economic impacts of climate change in Europe, indicating significant risks and urban vulnerabilities.

Key Points

  • This research aims to enhance climate-impact assessment across Europe by integrating sophisticated economic models.
  • Integrated spatially explicit CLIMRISK model with NUTS-2 level damage functions from the ICES model
  • Analyzed market damages, GDP projections, temperature changes, and urban heat island effects
  • Evaluated scenarios based on multiple climate and socioeconomic factors
  • Aggregate damages in Europe align broadly with the RICE model findings
  • Regions in southern Europe, especially urban areas, are projected to experience the largest relative losses
  • Urban heat island effects contribute to approximately 40% of total discounted damages, amplifying city-level risks

Cite This Study

Ignjačević et al. (2026) studied this question.

synapsesocial.com/papers/6a2cf6d7faef96ed7f05880dhttps://doi.org/10.1007/s41885-026-00201-2
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