The reduction in air quality impacts and associated economic benefits of mitigation policy: Summary of results from the EC RTD ClimateCost Project

The objective of the ClimateCost project is to advance knowledge on the economics of climate change, focusing on three key areas: the economic costs of climate change (the costs of inaction), the costs and benefits of adaptation, and the costs and benefits of long-term targets and mitigation. The project has assessed the impacts and economic costs of climate change in Europe and globally. This included a bottom-up sectoral impact assessment and analysis of adaptation for Europe, as well as a global economic modelling analysis with sector-based impact models, computable general equilibrium models and global economic integrated assessment models. This technical policy briefing note (TPBN) provides an overview of the air quality benefits work undertaken in the project, which has assessed the avoided impacts and economic ancillary benefits of mitigation policy, focusing on Europe (EU27), though with discussion of the benefits for China and India