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Coastal erosion and coastal floods

Economic impacts of sea level rise in Europe

May 17, 2013

Economic impacts of sea level rise in Europe

The direct and indirect costs of sea level rise for Europe have been modelled for a range of sea level rise scenarios for the 2020s and 2080s. The results show:

  1. Sea-level rise has negative economic effects but these effects are not particularly dramatic. On an annual basis these costs are quite small. The highest projected value is 0.2% of national GDP in Estonia in 2085.
  2. The impact of sea-level rise is not confined to the coastal zone. Because of international trade, countries that have relatively small direct impacts of sea-level rise, and even landlocked countries such as Austria, gain in competitiveness.
  3. Adaptation is crucial to keep the negative impacts of sea-level rise at an acceptable level. This may well imply that some European countries will need to adopt a coastal zone management policy that is more integrated and more forward looking than is currently the case.

Source: Bosello et al., 2012. Climatic Change 112: 63–81.

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Coastal erosion and coastal floods