Economics of climate change and cost of inaction
Research project on the socioeconomic costs of inaction on climate change with an inter- and transdisciplinary approach. EU-wide project calls, application deadline 15.04.2026.
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Grant criteria
Funding objective
Investigation and modeling of the future socioeconomic costs of insufficient or delayed climate protection and adaptation measures, as well as assessment of the distribution of these costs and potential co-benefits for society and the environment.
Eligible expenses
- Personnel expenses
- Subcontractor services
- Material costs
- Travel expenses
Eligible to apply
- Educational Institutions
- Companies
Funding requirements
- Participation of at least three independent legal entities from three different EU/Associated countries
- Focus on civilian applications
- Interdisciplinary consortium
Documents required for application
- Project description
- Detailed budget table
- Curricula vitae of key personnel
- List of publications
Evaluation criteria
- Innovative content of the project
- Expected impact and exploitation
- Quality and efficiency of implementation
Description
The Horizon Europe funding program »Economics of Climate Change and Cost of Inaction« targets European educational institutions and companies that, together with inter- and transdisciplinary consortia consisting of at least three independent legal entities from three different EU/associated countries, aim to analyze and model the socioeconomic costs of insufficient or delayed climate protection and adaptation measures. With a funding amount of up to €4 million and a funding rate of 100%, the grant covers personnel and material costs, subcontractor services, as well as travel expenses. The objective is to make future damages caused by climate impacts quantifiable, assess cost distributions, and demonstrate co-benefits for the environment and society. Experts from economics, social sciences, and natural sciences develop new models and tools for assessing climate risks and costs. The evaluation is based on the level of innovation, expected impacts, as well as the quality and efficiency of implementation.
Projects are submitted through a single-stage procedure by April 15, 2026, and are evaluated according to clearly defined criteria. In addition to scientific excellence, the European Commission places special emphasis on interactive exchange with stakeholders, open science practices, and a gender dimension in research outcomes. The selected consortia are expected to start shortly after the application deadline with a project duration that can be flexibly adjusted to the project tasks. The results are intended to provide policymakers and business leaders with well-founded decision-making bases to design ambitious climate protection strategies and adaptation measures with maximum societal and economic effectiveness.
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