1. Cost benefit analysis of climate change: coping with risk and uncertainty LEI Roel Jongeneel (presenter/coordinator), Rene Verburg, Kees van Kooten, Aris Gaaff en Arianne de Blaaij 2008

2. Objective Develop Landscape and Ecosystem Services approach to Climate Change: Take into account interrelatedness of functions Account for different time horizons and risks associated with different functions More specifically: How to integrate functions like water storage, energy production, biodiversity, landscape and climate change How to treat risks in a proper and meaningful way (communication, technical and social risks)

3. Approach  Review of the international literature on risk and CBA (risk determination, risk valuation, risk perception changes, etc.) and on Ecosystem Services and CBA.  Do case study for Dutch case in order to develop an operational procedure.  Explore how the Common Agricultural Policy might be used to address the challenges posed by climate change.

4. Scientific relevance  Integrated ecosystems services approach is crucial for relevant policy advice, but needs further development (cf. Peirce, OECD).  The role of risk needs to be better addressed and linked to policy needs (type of treatment, way of communication).  The issue of making the CAP climate change proof is still at its infancy: good quality research should generate results of scientific interest.

5. (Inter)national position  Kees van Kooten is distinguished international expert in the field.  Within SELS the project can be linked to “Evaluating spatial adaptation strategies” project of Jeroen Veraart (PhD-project)

6. Planned deliverables  Report on the treatment of risk in climate change analysis (challenges, possible solutions and methods).  A conference paper (and climate change session proposal) has been submitted for the EAAE congress in Ghent (August, 2008). Paper will be upgraded for a Journal  Report will be made on the CAP and Climate Change: issues and implications for SELS research agenda.