Projecting Climate-Induced Economic Damages with EDHEC-CLIRMAP

Understanding the macroeconomic implications of climate change is critical as the world transitions into increasing climate uncertainty. Until roughly 15 years ago, assessments of physical climate risks in macroeconomics were largely global, offering little insight into the granular distribution of impacts across continents and countries. In this webinar, Nicolas Schneider, Senior Research Engineer/Macroeconomist at the EDHEC Climate Institute, presents EDHEC-CLIRMAP, the EDHEC Climate-Induced Regional Macroimpacts Projector. Positioned at the forefront of the most recent scientific literature, EDHEC-CLIRMAP is the first interactive online tool to provide a highly resolved geographic visualisation of projected climate-induced macroeconomic damages. It spans more than 3,660 subnational regions, covering 95% of global economic production. EDHEC-CLIRMAP translates complex academic findings into transparent, intuitive insights for non-academic audiences, and is grounded in cutting-edge research in macroeconomics, econometrics, and climate science. It encapsulates a scientific communication edge often missing in traditional research on this subject. The platform enables users to customise local predictions across global climate models, warming trajectories (SSP-RCP climate scenarios), and future time horizons throughout the 21st century. EDHEC-CLIRMAP helps them to explore the global geography, and the heterogeneity, of potential economic damages to gross regional products. (Below is a live screenshot of EDHEC-CLIRMAP in action.) Moderated by Toby Mitchenall, Senior Editor, ESG and Sustainability at PEI Group, this session is designed for a broad audience: investors, consultants, policymakers, regional authorities, researchers, students, journalists, and anyone seeking to understand the economics of climate change. EDHEC-CLIRMAP reflects EDHEC’s commitment to advancing rigorous, science-based climate research. In an era of growing uncertainty, these initiatives aim to secure, structure, and elevate strategic climate data. Our goal is to support high-quality research and strengthen society’s capacity to understand and manage the economic consequences of climate change. 👉 Learn more about EDHEC-CLIRMAP and access the platform here: https://climateinstitute.edhec.edu/data-visualisations/edhec-clirmap 👉 Interested in collaborating or learning more? Get in touch with the EDHEC Climate Institute:https://climateinstitute.edhec.edu/contact