Economy-wide Impacts of Climate Change and Adaption in Georgia.

Reuschel, S. & Lutz, C. (2025): Economy-wide Impacts of Climate Change and Adaption in Georgia. Assessing the Macroeconomic Impacts of Climate Change and Adaptation in Georgia with the e3.ge Model, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, Berlin.

Abstract

This report provides a detailed analysis of the climate consequences and adaptation options for Georgia to support evidence-based policy making. In this context, it is important that the e3.ge model can be used independently by national actors. This report updates the country report that was prepared as part of the first project phase of CRED (Flaute et al. 2022). In terms of content, this primarily concerns the quantification of the damage caused by climate change and of the adaptation measures. Climate-related damage, especially in the form of heatwaves, droughts and floods, is now distinguished according to different SSPs (SSP1-2.6, SSP2-4.5 and SSP5-8.5) and is based on benchmark damage and assumptions regarding the probability of occurrence of damaging events. This process was supported by national and international experts, among others MoESD, Berlin Economics, EarthYield Advisories, TBSC Consulting, and Sustainable Development Center "Remissia".