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Contributions from economics of adaptation to decision making: an example for the autonomous community of the Basque Country

Contributions from economics of adaptation to decision making: an example for the autonomous community of the Basque Country

Galarraga, Ibon, Osés, Nuria, Markandya, Anil, Chiabai, Aline and Khatun, Kaysara (2011) Contributions from economics of adaptation to decision making: an example for the autonomous community of the Basque Country. Economía Agraria y Recursos Naturales, 11 (1). pp. 113-142. ISSN 1578-0732 (Print), 2174-7350 (Online) (doi:https://doi.org/10.7201/earn.2011.01.06)

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Abstract

As a consequence of Climate Change sea level rise as well as a change in the intensity and propensity of rain are expected in the Basque Country. Valuing the costs and benefits of adapting to these changes becomes an important piece of information for the planning process. This paper develops two methodological frameworks. The first one devoted to estimating the economic impacts to urban areas of an increase in the risk of flooding. The values estimated for the Nervión river in the city of Amurrio (Álava) indicate that the average expected damage will increase in 15 per cent as a consequence of CC (from €56,097 to €64,451). For an extreme episode the total loss could increase to €20 million. The second framework is oriented towards the valuation of the damages as a consequence of sea level rise for 2100. The values in this case range from €87 to €231 million, that is, between €0.87 and €2.3 million per hectare.

Item Type: Article
Uncontrolled Keywords: climate change impacts, economic valuation
Subjects: Q Science > Q Science (General)
Faculty / Department / Research Group: Faculty of Engineering & Science
Faculty of Engineering & Science > Natural Resources Institute
Last Modified: 17 Feb 2020 10:05
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
URI: http://gala.gre.ac.uk/id/eprint/26947

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