The Costs of Sea-Level Rise: Coastal Adaptation Investments vs. Inaction in Iberian Coastal Cities
dc.contributor.author | Abadie, Luis María | |
dc.contributor.author | Sainz de Murieta Zugadi, Elisa | |
dc.contributor.author | Galarraga Gallastegui, Ibon | |
dc.date.accessioned | 2020-05-21T09:52:35Z | |
dc.date.available | 2020-05-21T09:52:35Z | |
dc.date.issued | 2020-04-24 | |
dc.identifier.citation | Water 12(4) : (2020) // Article ID 1220 | es_ES |
dc.identifier.issn | 2073-4441 | |
dc.identifier.uri | http://hdl.handle.net/10810/43356 | |
dc.description.abstract | Iberian coastal cities are subject to significant risks in the next decades due to climate change-induced sea-level rise. These risks are quite uncertain depending on several factors. In this article, we estimate potential economic damage in 62 Iberian coastal cities from 2020 to 2100 using regional relative sea-level rise data under three representative concentration pathways (RCP 8.5, RCP 4.5 and RCP 2.6). We analyze the expected accumulated damage costs if no adaptation actions take place and compare this scenario to the investment cost of some adaptation strategies being implemented. The results show that some adaptation strategies are less costly than the potential damage under inaction. In other words, it is economically rational to invest in adaptation even in a context of high uncertainty. These calculations are very relevant to inform climate change adaptation decisions and to better manage the risk posed by sea-level rise. Moreover, our findings show the importance of a good understanding of the shape of the sea-level rise and damage cost distributions to calculate the expected damage. We show that using the 50th percentile for these calculations is not adequate as it leads to a serious underestimation of expected damage and coastal risk. | es_ES |
dc.description.sponsorship | This research is supported by the Basque Government through the BERC 2018-2021 program and by the Spanish Ministry of Economy and Competitiveness MINECO through BC3 María de Maeztu excellence accreditation MDM-2017-0714. Additionally, Luis M. Abadie is grateful for financial support from The Spanish Ministry of Science and Innovation (ECO2015-68023). E. Sainz de Murieta acknowledges funding from the Basque Government (Postdoctoral Fellowship grant no. POS_2018_2_0027). Ibon Galarraga received financial support from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 776479 for the project CO-designing the Assessment of Climate CHange costs. | |
dc.language.iso | eng | es_ES |
dc.publisher | MDPI | es_ES |
dc.relation | info:eu-repo/grantAgreement/MINECO/MDM-2017-0714 | es_ES |
dc.relation | info:eu-repo/grantAgreement/EC/H2020/776479 | es_ES |
dc.relation | info:eu-repo/grantAgreement/MINECO/MDM-2017-0714 | |
dc.relation | info:eu-repo/grantAgreement/EC/H2020/776479 | |
dc.relation | info:eu-repo/grantAgreement/Basquegovernment/POS_2018_2_0027 | |
dc.relation | info:eu-repo/grantAgreement/MINECO/ECO2015-68023 | |
dc.relation | EUS/BERC/BERC.2018-2021 | |
dc.relation | ES/1PE/MDM-2017-0714 | |
dc.rights | info:eu-repo/semantics/openAccess | es_ES |
dc.rights.uri | http://creativecommons.org/licenses/by/3.0/es/ | |
dc.subject | climate change | es_ES |
dc.subject | adaptation costs | es_ES |
dc.subject | investment decision | es_ES |
dc.subject | Spain and Portugal coastal cities | es_ES |
dc.subject | uncertainty | es_ES |
dc.subject | stochastic model | es_ES |
dc.title | The Costs of Sea-Level Rise: Coastal Adaptation Investments vs. Inaction in Iberian Coastal Cities | es_ES |
dc.type | info:eu-repo/semantics/article | es_ES |
dc.date.updated | 2020-05-14T13:56:34Z | |
dc.rights.holder | 2020 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/). | es_ES |
dc.relation.publisherversion | https://www.mdpi.com/2073-4441/12/4/1220/htm | es_ES |
dc.identifier.doi | 10.3390/w12041220 | |
dc.contributor.funder | European Commission | |
dc.contributor.funder | European Commission |
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Except where otherwise noted, this item's license is described as 2020 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/).