Resumen

CARDOSO, Andrea  y  BENHIN, James. ASSESSING THE VIABILITY OF PROTECTING COLOMBIAN CARIBBEAN COAST FROM SEA LEVEL RISE: AN ECONOMIC VALUATION APPROACH. Semest. Econ. [online]. 2011, vol.14, n.spe29, pp.13-30. ISSN 0120-6346.

The coastal areas of Colombia are highly susceptible to sea level rise (SLR) due to climate change. The degree of vulnerability has been determined and currently an adaptation plan is being evaluated. This study applied a Cost Benefit Analysis (CBA) over a 100 years scenario to assess the feasibility of the plan in the Colombian Caribbean Coast. A Contingent Valuation Method was used to estimate the market and the non-market benefits, using a random sample of 504 respondents in Barranquilla, Cartagena and Santa Marta. The estimated benefits are weighted against the cost of the protection strategy as estimated by the Netherlands Climate Change Studies Assistance Programme. The CBA results indicate that carrying out the additional measures for protecting the Colombian Caribbean Coast from SLR is an economic and ecological feasible venture even if predictions of SLR are uncertain.

Palabras clave : Valuation of environmental effects; environmental economics; climate change; sea level rise.

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