ECONOMIC EVALUATION OF RECOVERING A NATURAL PROTECTION WITH CONCURRENT RELOCATION OF THE THREATENED PUBLIC OF TSUNAMI HAZARDS IN CENTRAL COASTAL ECUADOR
- Authors
- Mato M?ndez, Fernando Jos?
- Format
- Article
- Status
- publishedVersion
- Description
Tsunamis are very destructive forces, which threaten life as well as the destruction of infrastructure and production, leaving enormous economic losses. As in the last two decades prominent tsunamis have occurred in Indonesia (2004), Japan (2011), Chile (2010 and 2015), where they provoked more than 366.353 deaths and economic losses over 355 billions US$, our study focuses on a theoretical case of tsunami a tsunami impact in Muisne, in the central Ecuadorian coast. Using a cost benefit analysis (BCA) framework, we have estimated the cost of a mangrove ecosystem recovery in Muisne, where tsunamis may strike reaching magnitudes of up to 8.8 Mw and run-ups of around 43 meters. Benefits of environmental goods and services of Muisne mangroves may reach 16.7 US$ million/year. For the importance of local wellbeing and business, we have estimated the mangrove recovery cost may reach up to 7.3 million US$. In terms of preventing human life lost and human wellbeing, we calculated the value of community relocation to be approximate some 93.2 million US$. The total economic benefits from recovering Muisne ecosystem would be therefore around 109.9 million US$. The benefit/cost ratio has been B?C=1.16, meaning that the recovery of the Muisne mangroves has a higher value than the resettlement costs making a perfect policy sense.
https://www.researchgate.net/publication/321596507_ECONOMIC_EVALUATION_OF_RECOVERING_A_NATURAL_PROTECTION_WITH_CONCURRENT_RELOCATION_OF_THE_THREATENED_PUBLIC_OF_TSUNAMI_HAZARDS_IN_CENTRAL_COASTAL_ECUADOR
- Publication Year
- 2017
- Language
- eng
- Topic
- TSUNAMI STRIKE
RESETTLEMENT
MANGROVE ECOSYSTEM RECOVERY
BENEFIT / COST RATIO
ECUADOR
- Repository
- Repositorio SENESCYT
- Rights
- openAccess
- License
- openAccess