Economics of climate change and cost of inaction
The grant aims to advance understanding of the socio-economic costs of climate inaction, improve models and frameworks for quantifying such costs, and deliver evidence-based recommendations for European and global climate policy. Projects are expected to develop models, methods, and tools to assess the distribution and magnitude of costs related to insufficient climate action, with attention to cascading, non-market, and long-term impacts. The interdisciplinary collaboration required covers both global and EU focus areas. Outcomes are intended to inform strategic decisions for climate action and policy under the Paris Agreement and European initiatives.
| Agency | HORIZON (EU) |
|---|---|
| Region | EU |
| Country | N/A |
| Legal form | Company, NGO, Government organization, Other |
| Start date | 18 Dec 2025 |
| End date | 15 Apr 2026 |
| Max funding | EUR 4,000,000 per project |
| Budget | EUR 16,000,000 (2026 budget year) |
| Coverage | Lump sum funding as per Horizon Europe lump sum model; coverage details follow Horizon Europe rules |