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Environmental Economics in Flood Mitigation for River Basins and Cities

Author

Listed:
  • Maria Cheveresan

    (Technical University of Civil Engineering Bucharest, Romania)

  • Cristian Stefan Dumitriu

    (Technical University of Civil Engineering Bucharest, Romania)

  • Maria Stoica

    (S.C. DHI SW Project S.R.L., Romania)

Abstract

Due to the increasing impacts of climate change on flood management, it is vital to implement effective flood mitigation measures. Economic factors significantly influence the feasibility and speed of these implementations. Evaluations must go beyond just the implementation costs. This paper introduces tools and methods for incorporating environmental economics into flood risk management at various scales, from urban areas to entire river basins. Comprehensive analysis should include social, environmental, direct, and indirect factors. Despite the variability in flood mitigation costs across different economies, the methods discussed are highly adaptable. Data limitations for appraisal tools like Multicriteria Analysis (MCA) and Cost-Benefit Analysis (CBA) can be addressed through expert judgment, qualitative assessment, or using GDP-proportional data for cost estimation. This approach utilizes databases from experienced countries, making the methods adaptable to different contexts.

Suggested Citation

  • Maria Cheveresan & Cristian Stefan Dumitriu & Maria Stoica, 2024. "Environmental Economics in Flood Mitigation for River Basins and Cities," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 50-57, August.
    • Handle: RePEc:ovi:oviste:v:xxiv:y:2024:i:1:p:50-57
    as

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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2024i1/Section%201%20and%202/6.pdf
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    References listed on IDEAS

    as
    1. Karianne De Bruin & Erik Ansink, 2011. "Investment In Flood Protection Measures Under Climate Change Uncertainty," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 2(04), pages 321-339.
    2. Brouwer, Roy & van Ek, Remco, 2004. "Integrated ecological, economic and social impact assessment of alternative flood control policies in the Netherlands," Ecological Economics, Elsevier, vol. 50(1-2), pages 1-21, September.
    3. Aven, Terje, 2016. "Risk assessment and risk management: Review of recent advances on their foundation," European Journal of Operational Research, Elsevier, vol. 253(1), pages 1-13.
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    More about this item

    Keywords

    environmental economics; flood mitigation; cost-benefit analysis; river basins; cities;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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