Adaptation to flood and drought risk in Austria - VATT
Adaptation to flood and drought risk in Austria - VATT
Adaptation to flood and drought risk in Austria - VATT
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Economic costs of<br />
non-adaptation<br />
ClimateChange<br />
Causes<br />
Impacts<br />
Solutions<br />
• Economic data on water <strong>in</strong>tensive <strong>in</strong>dustries<br />
• employees: 20 700 (300.000 <strong>in</strong>habitants)<br />
• annual production value: € 2.7 Billion<br />
• annual gross value added: € 1 Billion<br />
• Short run: 2-week loss of production caused by water scarcity<br />
• loss <strong>in</strong> production value: € 105 Million<br />
• loss <strong>in</strong> gross value added: € 40 Million<br />
• metal <strong>in</strong>dustry (PV: € 21 M, GVA: € 7 M)<br />
• food production (PV: € 24 M, GVA: € 8 M)<br />
• <strong>to</strong>urism <strong>in</strong>dustry (PV: € 21 M, GVA: € 9 M)<br />
• Long run: S<strong>to</strong>p of <strong>in</strong>vestment <strong>in</strong> the water <strong>in</strong>tensive <strong>in</strong>dustries<br />
• will cost about 6.000 jobs until 2020 (multiregional <strong>and</strong><br />
multisec<strong>to</strong>ral econometric model)<br />
(source: Prettenthaler/Dalla-Via 2007)<br />
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