Impact of climate change on economic development

About this publication

We have presented the preliminary findings of two experimental studies in this report. The first study "Impact of anomalous weather conditions on economic sectors" used time series analysis to relate meteorological variables to changes in the value added of various sectors: construction, manufacturing, food & accommodation services, mining & quarrying, and energy. This method allowed us to determine the impact of anomalous weather – and that of climate change – on those sectors over the period 1995 through the second quarter of 2024. The second study ‘Size of the economy in flood-prone areas’, used Geographic Information Systems (GIS) to combine flood risk maps with economic information from the regional accounts from Statistics Netherlands. That information included the value added, production, and employment opportunities. The study showed the scope of these variables in areas with varying levels of flood risk for the period 2010-2022. These studies stem from the societal challenge.