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In a globalised world, Europe is vulnerable to climate extremes and the effects of climate change. Tropical cyclones, droughts and melting ice sheets in other parts of the world directly or indirectly impact Europe. Our focus in RECEIPT is to map these connections and to build storylines showing the effect of climate change on society and the economy.
Do you know where your food is produced? How about your clothes, electronics, or car? Much of what we consume and buy comes from outside of Europe. Changes in other regions affect how Europe manages its coastal infrastructure and how European financial institutions operate global portfolios. International cooperation to address global needs and responsibilities will also be affected by climate change.
Objectives
RECEIPT aims to outline Europe’s vulnerability to remote climate events. We will achieve this by looking into climate risks outside Europe and their potential consequences for key European socio-economic sectors such as:
Agriculture
Finance
International development
Manufacturing chains
Coastal infrastructure
The project will:
reveal impacts of remote climate extremes on the European economy
map ways to identify and reduce vulnerabilities
inform about future business opportunities
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