SOCLIMPACT aims at modelling downscaled CC effects and their socioeconomic impacts in European islands for 2030–2100, in the context of the EU Blue Economy sectors, and assess corresponding decarbonisation and adaptation pathways, complementing current available projections for Europe, and nourishing actual economic models with non-market assessment, by:

•Developing a thorough understanding on how CC will impact the EU islands located in different regions of the world;

•Contributing to the improvement of the economic valuation of climate impacts by adopting revealed and stated preference methods;

•Increasing the effectiveness of the economic modelling of climate impact chains, through the implementation of an integrated methodological framework (GINFORS, GEM-E3 and non-market indicators);

•Facilitating climate-related policy decision making for Blue Growth, by ranking and mapping the more appropriate mitigation and adaptation strategies;

•Delivering accurate information to policy makers, practitioners and other relevant stakeholders.

SOCLIMPACT addresses completely this Work Programme providing advances in the economic valuation of climate induced impacts, and in climate and economic models, allowing downscaled projections of complex impact chains, and facilitating the resilience capacity of these vulnerable lands.