Protection by hard defence structures or relocation of assets exposed to coastal risks: Cost-Benefit Analysis for long-term adaptation choices

Adapting to sea-level rise due to climate change involves new public policies that aim to relocate those assets most at risk from coastline erosion or flooding. The aim of the present article is to compare different adaptation scenarios and to show the need for evolving economic assessment and decision-making tools to include multidimensional and long-term aspects of adaptation policies. Presentation of the limitations of traditional Cost-Benefit Analysis (CBA) by integrating economic impact and non-market factors which are currently only assessed in multi-criteria approaches.

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