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Economic Assessment of Nature-based Solutions to Reduce Flood Risk and Enhance Co-benefits by Laddaporn Ruangpan; Zoran Vojinovic; Jasna Plavšić; Alex Curran; Nikola Rosic; Ranko Pudar; Dragan Savic; Damir Brdjanovic is a Environmental Science article available to read on EtoBox.

What is Economic Assessment of Nature-based Solutions to Reduce Flood Risk and Enhance Co-benefits about?

Flooding is expected to increase due to climate change, urbanisation, and land use change. To address this issue, Nature-Based Solutions (NBSs) are often adopted as innovative and sustainable flood risk management methods. Besides the flood risk reduction benefits, NBSs offer co-benefits for the environment and society. However, these co-benefits are rarely considered in flood risk management due to the inherent complexities of incorporating them into economic assessments. This research addresses this gap by developing a comprehensive methodology that integrates the monetary analysis of co-benefits with flood risk reduction in economic assessments. In doing so, it aspires to provide a more holistic view of the impact of NBS in flood risk management. The assessment employs a framework based on life-cycle cost-benefit analysis, offering a systematic and transparent assessment of both costs and benefits over time supported by key indicators like net present value and benefit cost ratio. The methodology has been applied to the Tamnava basin in Serbia, where significant flooding occurred in 2014 and 2020. The methodology offers valuable insights for practitioners, researchers, and plann

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Author

Laddaporn Ruangpan; Zoran Vojinovic; Jasna Plavšić; Alex Curran; Nikola Rosic; Ranko Pudar; Dragan Savic; Damir Brdjanovic

Publisher

Elsevier BV

Published

2024

Language

EN

Field

Environmental Science (Physical Sciences)