DECIPHER employs a systems and multi-disciplinary approach using a diverse set of models, methods, and processes to significantly improve decision-making on climate change and biodiversity and enhance policy resilience and feasibility. Moving beyond state-ofthe- art, we will establish a holistic and operational decision-making framework that integrates advanced economic and biophysical models, empirical methods and stakeholder participation tools. The novel framework incorporates environmental damages in the economic decisions of agents and introduces a risk-opportunity approach for decision making. To offer critical insights on system dynamics and risks, the models developed will be equipped with innovative features including improved representations of agent behavior, technology innovation, financial risk valuation and the capacity to assess extreme events and critical tipping points. The new decision-making framework will be the end-result of an iterative co-creation process with stakeholders and applied under realworld conditions in the assessment of flagship EU policies.
This project addresses the European Commissions Call for Proposal: “Improved economic methods for decision-making on climate and environmental policies”
Start date: 1.9.2022
Project duration: 36 Months
Project volume: about 3 million Euro
Project website: DECIPHER | Holistic decision-making for climate & environment