Spreading the use of economic methods in coastal risk management: a simple but insightful “calculator”

Article

Navas, F., Malvárez, G., Penning-Rowsell, E. and Parker, D. 2020. Spreading the use of economic methods in coastal risk management: a simple but insightful “calculator”. Journal of Coastal Research. 95 (sp1), pp. 1217-1222. https://doi.org/10.2112/si95-236.1
TypeArticle
TitleSpreading the use of economic methods in coastal risk management: a simple but insightful “calculator”
AuthorsNavas, F., Malvárez, G., Penning-Rowsell, E. and Parker, D.
Abstract

Navas, F.; Malvárez, G.; Penning-Rowsell, E., and Parker, D.J., 2020. Spreading the use of economic methods in coastal risk management: A simple but insightful "calculator". In: Malvárez, G. and Navas, F. (eds.), Global Coastal Issues of 2020. Journal of Coastal Research, Special Issue No. 95, pp. 1217–1222. Coconut Creek (Florida), ISSN 0749-0208.
European Directives, such as the EU Floods Directive (2007/60/EC) require that decision makers include objective methodologies, such as benefit-cost analysis, in their assessments of flood risk reduction measures.
Methodologies to establish a sustainable knowledge framework addressing the costs and benefits of prevention and response to coastal hazards resulting from hydro-meteorological, hydrographic and other natural events and processes (e.g. flooding, beach erosion, cliff erosion, sea level rise) are not homogeneously implemented in the European Union. Until now, investment decisions in this field have been made more on local political imperatives than logical economic risk assessments. This paper aims to overcome some these limitations by demonstrating the usefulness of a simplified benefit-cost methodology and its application to a coastal case where a number of alternative flood risk reduction schemes are considered. The method allows the economically optimal scheme to be identified. The method is discussed within the context of generally poorly comprehended aspects; issues presented in coupling benefit-cost methods with vulnerability and related assessments; and key data uncertainties.

KeywordsEarth-Surface Processes, Ecology, Water Science and Technology
Research GroupFlood Hazard Research Centre (FHRC)
PublisherCoastal Education and Research Foundation (CERF)
JournalJournal of Coastal Research
ISSN0749-0208
Electronic1551-5036
Publication dates
Online26 May 2020
Print17 Jun 2020
Publication process dates
Deposited12 Jun 2020
Submitted31 Mar 2019
Accepted13 Feb 2020
Output statusPublished
Publisher's version
Copyright Statement

©Coastal Education and Research Foundation, Inc. 2020.
The published full text reproduced in the Middlesex University Research Repository with permission granted by Coastal Education & Research Foundation, Inc. (CERF) www.cerf-jcr.org

Web address (URL)https://meridian.allenpress.com/jcr/article/95/SI/1217/437436/Spreading-the-Use-of-Economic-Methods-in-Coastal
Digital Object Identifier (DOI)https://doi.org/10.2112/si95-236.1
LanguageEnglish
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Bosher, L., Penning-Rowsell, E. and Tapsell, S. 2007. Resource accessibility and vulnerability in Andhra Pradesh: caste and non-caste influences. Development and Change. 38 (4), pp. 615-640. https://doi.org/10.1111/j.1467-7660.2007.00426.x
'Signals' from pre-crisis discourse: lessons from UK flooding for global environmental policy change?
Penning-Rowsell, E., Johnson, C. and Tunstall, S. 2006. 'Signals' from pre-crisis discourse: lessons from UK flooding for global environmental policy change? Global Environmental Change A. 16 (4), pp. 323-339. https://doi.org/10.1016/j.gloenvcha.2006.01.006
Gauging the impact of natural hazards: the pattern and cost of emergency response during flood events
Penning-Rowsell, E. and Wilson, T. 2006. Gauging the impact of natural hazards: the pattern and cost of emergency response during flood events. Transactions of the Institute of British Geographers. 31 (2), pp. 99-115. https://doi.org/10.1111/j.1475-5661.2006.00200.x
Estimating injury and loss of life in floods: a deterministic framework.
Penning-Rowsell, E., Floyd, P., Ramsbottom, D. and Surendran, S. 2005. Estimating injury and loss of life in floods: a deterministic framework. Natural Hazards. 36 (1-2), pp. 43-64. https://doi.org/10.1007/s11069-004-4538-7
Future flooding, Scientific Summary (Vol 1. Future risks and their drivers and Vol.2. Managing future risks, plus executive summary).
Penning-Rowsell, E., Ashley, R., Evans, E. and Hall, J. 2004. Future flooding, Scientific Summary (Vol 1. Future risks and their drivers and Vol.2. Managing future risks, plus executive summary). Office of Science and Technology.
New insights into the benefits of flood warnings: results from a household survey in England and Wales.
Parker, D., McCarthy, S. and Tunstall, S. 2007. New insights into the benefits of flood warnings: results from a household survey in England and Wales. Environmental Hazards. 7 (3), pp. 193-210. https://doi.org/10.1016/j.envhaz.2007.08.005
Enhancing the human benefits of flood warnings
Parker, D., McCarthy, S. and Tapsell, S. 2007. Enhancing the human benefits of flood warnings. Natural Hazards. 43 (3), pp. 397-414. https://doi.org/10.1007/s11069-007-9137-y
Urban containment policy and exposure to natural hazards: is there a connection?
Burby, R., Nelson, A., Parker, D. and Handmer, J. 2001. Urban containment policy and exposure to natural hazards: is there a connection? Environmental Planning and Management. 44 (4), pp. 475-490. https://doi.org/10.1080/09640560120060911
Floods as catalysts for policy change: historical lessons from England and Wales
Johnson, C., Penning-Rowsell, E. and Tunstall, S. 2005. Floods as catalysts for policy change: historical lessons from England and Wales. International Journal of Water Resources Development. 21 (4), pp. 561-575. https://doi.org/10.1080/07900620500258133
Aspiration and reality: flood policy, economic damages and the appraisal process
Johnson, C., Penning-Rowsell, E. and Tapsell, S. 2007. Aspiration and reality: flood policy, economic damages and the appraisal process. Area. 39 (2), pp. 214-223. https://doi.org/10.1111/j.1475-4762.2007.00727.x
Flood insurance and government: 'parasitic'and 'symbiotic' relations.
Green, C. and Penning-Rowsell, E. 2004. Flood insurance and government: 'parasitic'and 'symbiotic' relations. The Geneva Papers on Risk and Insurance - Issues and Practice. 29 (3), pp. 518-539. https://doi.org/10.1111/j.1468-0440.2004.00301.x
Developing a translational discourse to communicate uncertainty in flood risk between science and the practitioner
Parker, D., Beven, K., Faulkner, H. and Green, C. 2007. Developing a translational discourse to communicate uncertainty in flood risk between science and the practitioner. Ambio.
Natural and imposed injustices: the challenges in implementing 'fair' flood risk management policy in England
Johnson, C., Parker, D. and Penning-Rowsell, E. 2007. Natural and imposed injustices: the challenges in implementing 'fair' flood risk management policy in England. The Geographical Journal. 173 (4), pp. 374-390. https://doi.org/10.1111/j.1475-4959.2007.00256.x
Vulnerability to flooding: health and social dimensions
Tapsell, S., Penning-Rowsell, E., Tunstall, S. and Wilson, T. 2002. Vulnerability to flooding: health and social dimensions. Philosophical Transactions of the Royal Society A: Mathematical, Physical and Engineering Sciences. 360 (1796), pp. 1511-1525. https://doi.org/10.1098/rsta.2002.1013