2.4c What are the effects of environmental and climatic shocks on firms and households and what are their behavioural responses? What are the constraints to adaptation? How are the effects and responses shaped by inequality? What are the impacts on migration, within countries and internationally?
Background
Research supports policy makers to adjust to the changing global economic environment, to deliver sustainable, inclusive growth that is resilient to a variety of shocks. Global changes in technology, trade and climate are re-shaping the pathways open to countries of all income levels to drive structural transformation and employment-rich growth, while increased debt levels are reducing policymakers’ room to manoeuvre.
Research and evidence are also needed to bring a suite of broader economic tools to spur the private sector and increase productivity through increased investment, trade, technological upgrading and improved human capital and infrastructure.
Next steps
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Topics
Related UKRI funded projects
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SPARCCLE - Socioeconomic Pathways, Adaptation and Resilience to Changing CLimate in Europe
Climate change brings many highly uncertain impacts onto society and economy, and its risks, incorporating vulnerability, require more comprehensive assessments. This requires an enhanced understanding of the interdepend...
Funded by: Horizon Europe Guarantee
Lead research organisation: IMPERIAL COLLEGE LONDON
Why might this be relevant?
Addresses the effects of environmental and climatic shocks on firms and households, behavioral responses, constraints to adaptation, inequality, impacts on migration, and provides comprehensive assessments.
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DIAMOND
Recent literature has underlined the interplay among climate mitigation, adaptation, and finance, as well as between climate action and other development agendas, including sustainable resource use, human development and...
Funded by: Horizon Europe Guarantee
Lead research organisation: UNIVERSITY COLLEGE LONDON
Why might this be relevant?
Focuses on the interplay among climate mitigation, adaptation, finance, and other development agendas, providing insights on sustainability goals and equity effects.
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Cross-sectoral Framework for Socio-Economic Resilience to Climate Change and Extreme Events in Europe
The project CROSSEU aims to respond to the increasing societal needs to reduce climate-damaging actions, adapt to the expected consequences and increase socio-economic resilience. The project aims is to deliver a climate...
Funded by: Horizon Europe Guarantee
Lead research organisation: STFC - LABORATORIES
Why might this be relevant?
Addresses socio-economic resilience to climate change and extreme events in Europe, but does not fully cover all aspects of the question.