Evaluating the Cost-Benefit Analysis of Climate Adaptation Strategies on Coastal Communities
DOI:
https://doi.org/10.55544/sjmars.3.2.2Keywords:
cost-benefit analysis (CBA), climate change, coastal regions, economic, environmental, social dimensionsAbstract
Climate change poses significant challenges to coastal communities worldwide, necessitating the development and implementation of effective adaptation strategies. This research undertakes a rigorous evaluation of the cost-benefit analysis (CBA) associated with various climate adaptation measures tailored to coastal settings. Employing a multidisciplinary approach, encompassing economic, environmental, and social dimensions, the study aims to elucidate the intricate interplay between costs and benefits inherent in these strategies. Through meticulous data collection and methodological rigor, key factors influencing the cost-effectiveness of adaptation interventions are identified and analyzed. The findings reveal nuanced insights into the effectiveness and efficiency of different adaptation approaches, shedding light on their relative merits and limitations. Moreover, this research contributes to advancing the theoretical underpinnings of CBA in the context of climate adaptation, offering practical recommendations for policymakers, planners, and stakeholders tasked with enhancing the resilience of coastal communities. By bridging the gap between theory and practice, this study underscores the imperative of informed decision-making and proactive action in safeguarding coastal regions against the impacts of climate change.
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