Valuing Climate Change Mitigation in Coastal Environments Exposed to Extreme Natural Hazards: A choice experiment simulated for different time horizons

Pedro Diaz, Phoebe Koundouri (), Benedique Rulleau and Remoundou Kyriaki
Additional contact information
Remoundou Kyriaki: University of Newcastle

No 1203, DEOS Working Papers from Athens University of Economics and Business

Abstract: This paper contributes to the limited literature of monetary valuation of the effects of natural hazards. In particular, we focus on natural hazards caused by climate change and measure willingness to pay (WTP) to avoid relevant environmental and health risks in coastal environments. We also allow short, medium and long term for the effects of mitigation measures, in order to investigate differences and/or similarities in people�s WTP for these different time horizons. A choice experiment is used and implemented in Stantander, Spain, a coastal region that faces a number of significant challenges due to climate change: (a) vulnerability to marine dynamics, with effects on its beaches (and their role as focal locations for social and touristic activities) as well as built environment and businesses, (b) loss of marine biodiversity and (c) increase in exposure to medusas and other dangerous and alien species present on the beaches, which result to restriction of bathing activities due to health risks. Finally, the empirical results from this paper provide useful insights with regards to the development of optimal (economically efficient, socially acceptable and environmentally sound) risk insurance schemes against extreme natural hazards.

Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://wpa.deos.aueb.gr/docs/ExtremeNaturalHazards.doc First version (application/msword)

Related works:
Working Paper: Valuing Climate Change Mitigation in Coastal Environments Exposed to Extreme Natural Hazards: A choice experiment simulated for different time horizons (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aue:wpaper:1203

Access Statistics for this paper

More papers in DEOS Working Papers from Athens University of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Ekaterini Glynou ().