TRANSrisk Transition Pathways and Risk Analysis for Climate Change Mitigation and Adaption Strategies

TRANSrisk’s vision is to assist the accomplishment of EU climate change goals by providing tools for effective and efficient climate and energy policymaking. TRANSrisk acknowledges the importance of models such as those carried out for the EU Roadmap 2050, but also recognises the high uncertainties of modelling transitions pathways when assessing the costs and benefits associated with mitigation scenarios. TRANSrisk’s main objectives are to: • Create a novel assessment framework for analysing the costs and benefits of transition pathways while considering risks and uncertainties; • Design a decision support tool to assist policy makers to include risk assessments when designing policy and policy mixes TRANSrisk expects to have an impact across the policy, business, social and academic sectors: • Provide insights on mitigation pathways across multiple sectors and geographical areas (15 case studies in the EU as well as Canada, Chile, China, India and Indonesia) • Provide decision makers with a non-specialist ‘tool box’ to assess and evaluate the socio-economic costs & benefits of mitigation options. • Facilitate EU and global climate policy goals such as the implementation and review of the EC’s “Roadmap for moving to a low-carbon economy by 2050”. • Contribute to major international scientific assessments (e.g. IPCC).