Costs of Defending Against Rising Sea Levels and Flooding in Mid-Atlantic Metropolitan Coastal Areas: The Basic Issues
Rising ocean levels have resulted in increasingly severe flooding in numerous metropol-itan coastal areas. What would it cost to minimize or eliminate such damage? Relatively little economic work has been done to provide an answer, at least partially because some authori-ties believe attempts to deal with flooding ultimately are futile. Further, discussions of fund-ing always involve massive welfare transfers from the non-flooded to the flooded. The cost of erecting a single mile of new sea wall exceeds $35 million in 2009 dollars and annual mainten-ance costs range between 5 and 10 percent.
Volume (Year): 40 (2010)
Issue (Month): 1 ()
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- Francesco Bosello & Roberto Roson & Richard S.J. Tol, 2004.
"Economy-Wide Estimates Of The Implications Of Climate Change: Sea Level Rise,"
FNU-38, Research unit Sustainability and Global Change, Hamburg University, revised Jan 2004.
- Francesco Bosello & Roberto Roson & Richard Tol, 2007. "Economy-wide Estimates of the Implications of Climate Change: Sea Level Rise," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 37(3), pages 549-571, July.
- Roberto Roson & Francesco Bosello & Marco Lazzarin & Richard S.J. Tol, 2004. "Economy-Wide Estimates of the Implications of Climate Change: Sea Level Rise," Working Papers 2004.96, Fondazione Eni Enrico Mattei.
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