“What are the costs arising from climate change in Austria, if we fail to adapt?” This is the key question raised by the COIN (COst of INaction) project which is supported by the Austrian Federal Government’s Climate and Energy Fund in the context of the Austrian Climate Research Program (ACRP). The answer to this question is of importance to policy makers as well as to businesses and private households, because what ultimately matters is that we carefully consider the measures which need to be taken to keep climate change costs as low as possible.
For this purpose, a consortium of twelve Austrian research institutions investigates the range of additional costs and benefits that will arise from climate change (without plans for adaptation) over the next decades, up until the year 2100. With regard to potential impacts of climate change, the project focuses on 13 areas and fields of activity throughout Austrian society and economy.