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    Impacts of Sea Level Rise on Economic Growth in Developing Asia

    Asuncion, Ruben Carlo; Lee, Minsoo | January 2017
    Abstract
    Global sea level rise (SLR) variations have undeniably begun to make an impact on highly vulnerable economies. These impacts of SLR are a key component of the projected economic damage of climate change, an important input to climate change policies and adaptive measures. This paper considers SLR projections and its impact on the economy and includes a consolidation of various related studies. Estimated global gross domestic product (GDP) loss by 2100 ranges from 0.3% to as high as of 9.3% (Hinkel et al. 2014; Pycroft, Abrell, and Ciscar 2015). Climate change impact should be addressed at the global level through a locally focused effort where education and acceptance by all stakeholders are crucial and warranted. Further, this paper tackles several adaptive strategies as a response to SLR which include retreat, accommodation, and protection. The retreat strategy simulates that SLR causes the loss of inundated land and incurs planned relocation (migration) costs above a certain sea level. The accommodation strategy allows usage of vulnerable areas or land and limits damage by floodproofing or raising structures. Finally, the protection strategy projects that land will be protected from SLR damage by sea walls or other barriers of a certain height. On the other hand, Diaz (2016) estimates a median adaptation cost from migration at 16% of GDP under the least-cost strategy by 2050. In general, the education of and the acceptance by the concerned local community will be crucial in the successful implementation of SLR adaptation strategies, notwithstanding parallel mitigation efforts on a global scale.
    Citation
    Asuncion, Ruben Carlo; Lee, Minsoo. 2017. Impacts of Sea Level Rise on Economic Growth in Developing Asia. © Asian Development Bank. http://hdl.handle.net/11540/8645. License: CC BY 3.0 IGO.
    ISSN
    2313-6537 (Print)
    2313-6545 (e-ISSN)
    Keywords
    Work Environment
    Urban Environment
    Social Environment
    Regulatory Environments
    Marine Environment
    International Environmental Relations
    Institutional Environment Assessment
    Global Environment
    Environmental Sustainability
    Environmental Strategy
    Environmental Services
    Environmental Resources
    Environmental Management and Planning
    Environmental Issues
    Environmental Guidelines
    Environmental Effects
    Environment and Pollution Prevention
    Climate
    Climate change
    Climate impacts assessment
    Global climate change
    Emission Control
    Environmental Control
    Environmental Technology
    Land Development
    Forestry Development
    Fishery Development
    Environmental Statistics
    Environmental Planning
    Environmental Management
    Environmental Education
    Environmental Capacity
    Pollution Control
    Nature Protection
    Environmental Conservation
    Climatic change
    Climatic influence
    Climatology
    Investment bank
    Investment policy
    Air quality indexes
    Ecological risk assessment
    Environmental impact evaluation
    Analysis of environmental impact
    Environmental toxicology
    Health risk assessment
    Rain and rainfall
    Acid precipitation
    Ozone-depleting substance mitigation
    Greenhouse gas mitigation
    Prevention of pollution
    Air quality
    Air quality management
    Pollution
    City planning
    Urban climatology
    Bank investment
    Capital investment
    Investment banking
    Venture capital
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/8645
    Metadata
    Show full item record
    Thumbnail
    ewp-507.pdf (1.126Mb)
    Author
    Asuncion, Ruben Carlo
    Lee, Minsoo
    Theme
    Environment
    Climate
    Labor Migration
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise