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Title: Aportaciones desde la economía de la adaptación a la toma de decisiones sobre cambio climático: un ejemplo para la Comunidad Autónoma del País Vasco
Other Titles: Contributions from economics of adaptation to decision making: an example
Authors: Galarraga, Ibon
Oses, Nuria
Markandya, Anil
Chiabai, Aline
Khantun, Kaysara
Keywords: Climate change impacts
Economic valuation
JEL Codes: Q51
Issue Date: 2011-11-01
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.
Institution/Association: Economia Agraria y Recursos Naturales>Volume 11, Number 1, 2011
Total Pages: 30
From Page: 113
To Page: 142
Collections:Volume 11, Number 1, 2011

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