ERC Consolidator Grant · 2024
Systemic Physical climate risk in complex adaptive economies
Globally climate change already manifests via physical risks – damages from floods, storms, wildfires, heatwaves, droughts, and sea-level rise. Concerns are rising that these risks may become systemic, adversely affecting the entire socio-economic system. Yet, there is no comprehensive understanding of key processes driving systemic physical climate risks, and surprisingly few quantitative assessments. Scientific progress is hindered by limitations of past data to represent future choices in a changing climate and by the inability of conventional economic models to capture non-linear tipping. To address this gap, SPHINX will fundamentally advance simulation methods and consolidate novel…
From the public funding record at EU CORDIS. Describes the funded project, not the reviews below.