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date: 04 July 2022

Climate Change and Coastal Vulnerabilitylocked

Climate Change and Coastal Vulnerabilitylocked

  • Xiaoyu LiXiaoyu LiDepartment of Agricultural, Environmental, and Development Economics, The Ohio State University
  •  and Sathya GopalakrishnanSathya GopalakrishnanDepartment of Agricultural, Environmental, and Development Economics, The Ohio State University

Summary

The convergence of geophysical and economic forces that continuously influence environmental quality in the coastal zone presents a grand challenge for resource and environmental economists. To inform climate adaptation policy and identify pathways to sustainability, economists must draw from different lines of inquiry, including nonmarket valuation, quasi-experimental analyses, common-pool resource theory, and spatial-dynamic modeling of coupled coastal-economic systems. Theoretical and empirical contributions in valuing coastal amenities and risks help examine the economic impact of climate change on coastal communities and provide a key input to inform policy analysis. Co-evolution of community demographics, adaptation decisions, and the physical coastline can result in unintended consequences, like climate-induced migration, that impacts community composition after natural disasters. Positive and normative models of coupled coastline systems conceptualize the feedbacks between physical coastline dynamics and local community decisions as a dynamic geoeconomic resource management problem. There is a pressing need for interdisciplinary research across natural and social sciences to better understand climate adaptation and coastal resilience.

Subjects

  • Environmental, Agricultural, and Natural Resources Economics

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