Blue biotechnology, renewable energy and unconventional marine living resources are considered as emerging frontiers for enhancing ocean-based blue economy in Bangladesh. Blue biotechnology can help both fisheries and aquaculture industry by producing fish varieties that can become quicker, more beneficial, and greater with tastier flesh, by developing gene transfer technology to be used to develop the growth of fish or by using of monoclonal antibodies and DNA probes to new diagnostic strategies for pathogens. Transformation of marine bioresources (main, co-product and by-products) into food, medicine, animal feed and related biobased items i.e. cosmetics, nutritional supplements, enzymes, agrichemicals etc could help in meet the Bangladesh future challenges for the 21st century. Given that majority of conventional living resources is facing over-exploitation, non-conventional marine living resources, specifically mollusk (squids, oyster, mussel), seaweeds, marine echinoderms, marine micro algae and others can be utilized as a source of new fishery products that could straightforwardly consumed as nutritionally balanced marine food. In terms of non-living resource, renewable energy comes from hydro power, solar, biogas and wind, however, tide and wave energy have good potential. Towards sustainable utilization of these sector-specific resources there are several challenges, such as little knowledge about their current status, limited focus by policy makers. To escape this situation, marine policy relatives must have to include the marine fisheries, mariculture, marine food, health, natural resources and industrial application. Research activities can create information to advise the policy and strategy, which thus stimulates future development by informing how the marine environment can be monitored and managed reasonably and realize its role in giving ecological facilities to the country as well as the world. This research article is available in Journal of Ocean and Coastal Economics: https://cbe.miis.edu/joce/vol6/iss2/8
{"title":"Blue Biotechnology, Renewable Energy, Unconventional Resources and Products as Emerging Frontiers at Sea","authors":"S. A. Uddin, M. Islam","doi":"10.15351/2373-8456.1100","DOIUrl":"https://doi.org/10.15351/2373-8456.1100","url":null,"abstract":"Blue biotechnology, renewable energy and unconventional marine living resources are considered as emerging frontiers for enhancing ocean-based blue economy in Bangladesh. Blue biotechnology can help both fisheries and aquaculture industry by producing fish varieties that can become quicker, more beneficial, and greater with tastier flesh, by developing gene transfer technology to be used to develop the growth of fish or by using of monoclonal antibodies and DNA probes to new diagnostic strategies for pathogens. Transformation of marine bioresources (main, co-product and by-products) into food, medicine, animal feed and related biobased items i.e. cosmetics, nutritional supplements, enzymes, agrichemicals etc could help in meet the Bangladesh future challenges for the 21st century. Given that majority of conventional living resources is facing over-exploitation, non-conventional marine living resources, specifically mollusk (squids, oyster, mussel), seaweeds, marine echinoderms, marine micro algae and others can be utilized as a source of new fishery products that could straightforwardly consumed as nutritionally balanced marine food. In terms of non-living resource, renewable energy comes from hydro power, solar, biogas and wind, however, tide and wave energy have good potential. Towards sustainable utilization of these sector-specific resources there are several challenges, such as little knowledge about their current status, limited focus by policy makers. To escape this situation, marine policy relatives must have to include the marine fisheries, mariculture, marine food, health, natural resources and industrial application. Research activities can create information to advise the policy and strategy, which thus stimulates future development by informing how the marine environment can be monitored and managed reasonably and realize its role in giving ecological facilities to the country as well as the world. This research article is available in Journal of Ocean and Coastal Economics: https://cbe.miis.edu/joce/vol6/iss2/8","PeriodicalId":36763,"journal":{"name":"Journal of Ocean and Coastal Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45421805","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Blue Economy is one of the important aspects of Sustainable Ocean Governance as it refers to sustainable use of ocean resources for economic growth and improved livelihood by maintaining healthy marine ecosystem. In order to achieve sustainable ocean governance, it is important to implement the contemporary and newly developed principles and concepts including Blue Economy and Ecosystem based management (EBM). As an implementation toll for sustainable ocean governance, Marine Spatial Planning (MSP) can play an important role to achieve the objectives of Blue Economy. Due to various reasons, the current institutional arrangements for sustainable ocean govern as well as exploring the concept of Blue Economy is at a very rudimentary stage in Bangladesh. The objective of this section is to analyze the significance of Blue Economy in achieving sustainable ocean governance through institutional framework. In this respect, relationship between MSP and Blue Economy is examined in the paper. This section is concluded with some recommendations to improve the institutional framework to achieve the objectives of Blue Economy in Bangladesh. This research article is available in Journal of Ocean and Coastal Economics: https://cbe.miis.edu/joce/vol6/iss2/10
{"title":"Institutional Arrangements for the Blue Economy: Marine Spatial Planning a Way Forward","authors":"Daud Hassan, Md. Ashraful Alam Ashraf","doi":"10.15351/2373-8456.1107","DOIUrl":"https://doi.org/10.15351/2373-8456.1107","url":null,"abstract":"Blue Economy is one of the important aspects of Sustainable Ocean Governance as it refers to sustainable use of ocean resources for economic growth and improved livelihood by maintaining healthy marine ecosystem. In order to achieve sustainable ocean governance, it is important to implement the contemporary and newly developed principles and concepts including Blue Economy and Ecosystem based management (EBM). As an implementation toll for sustainable ocean governance, Marine Spatial Planning (MSP) can play an important role to achieve the objectives of Blue Economy. Due to various reasons, the current institutional arrangements for sustainable ocean govern as well as exploring the concept of Blue Economy is at a very rudimentary stage in Bangladesh. The objective of this section is to analyze the significance of Blue Economy in achieving sustainable ocean governance through institutional framework. In this respect, relationship between MSP and Blue Economy is examined in the paper. This section is concluded with some recommendations to improve the institutional framework to achieve the objectives of Blue Economy in Bangladesh. This research article is available in Journal of Ocean and Coastal Economics: https://cbe.miis.edu/joce/vol6/iss2/10","PeriodicalId":36763,"journal":{"name":"Journal of Ocean and Coastal Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44643079","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Blue economy is an emerging concept in all over the world where Bangladesh is not in exception. The blue economy of Bangladesh is subject to multiple interlinked activities. Among the major activities, food production, shipping and trade, tourism, ecosystem-biodiversity, new technologies and climate change challenges are the most promising sectors which are discussed in this chapter to project the present and future potential, constrains, ways to overcome in the context of the blue economy of Bangladesh following various published literature. The review has revealed that Bangladesh has enormous resources which have great potential to uplift the existing economy, improving livelihoods, while significantly reducing environmental risks and ecological scarcities. However, there are lot of constrains which hinder to get the ultimate fruit from these potentialities. The major constrains include lack of policy, institutional or organizational structure and coordination, data or information, knowledge in innovating and diversifying marine products and services, marketing strategies, continuous scientific research, skilled manpower with motivation and dedication, public awareness, maritime security and concern in marine and coastal environment. Initiations to overcome these constrains with long and short term strategic plans and properly implementing the strategic decisions will bring the state more productive and could be a model country with blue economy approach. This research article is available in Journal of Ocean and Coastal Economics: https://cbe.miis.edu/joce/vol6/iss2/5
{"title":"Coming Stakes in the Ocean: Food Production, Shipping and Trade, Tourism, Ecosystem-biodiversity, New Technologies and Climate Change Challenges in Bangladesh","authors":"M. Rouf, M. Rahman, S. Rahman, N. Ahsan","doi":"10.15351/2373-8456.1102","DOIUrl":"https://doi.org/10.15351/2373-8456.1102","url":null,"abstract":"Blue economy is an emerging concept in all over the world where Bangladesh is not in exception. The blue economy of Bangladesh is subject to multiple interlinked activities. Among the major activities, food production, shipping and trade, tourism, ecosystem-biodiversity, new technologies and climate change challenges are the most promising sectors which are discussed in this chapter to project the present and future potential, constrains, ways to overcome in the context of the blue economy of Bangladesh following various published literature. The review has revealed that Bangladesh has enormous resources which have great potential to uplift the existing economy, improving livelihoods, while significantly reducing environmental risks and ecological scarcities. However, there are lot of constrains which hinder to get the ultimate fruit from these potentialities. The major constrains include lack of policy, institutional or organizational structure and coordination, data or information, knowledge in innovating and diversifying marine products and services, marketing strategies, continuous scientific research, skilled manpower with motivation and dedication, public awareness, maritime security and concern in marine and coastal environment. Initiations to overcome these constrains with long and short term strategic plans and properly implementing the strategic decisions will bring the state more productive and could be a model country with blue economy approach. This research article is available in Journal of Ocean and Coastal Economics: https://cbe.miis.edu/joce/vol6/iss2/5","PeriodicalId":36763,"journal":{"name":"Journal of Ocean and Coastal Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45478862","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Blue Economy is a concept of economic growth through the sustainable utilization of ocean resources with technological inputs to improve livelihoods and meet the growing demands for jobs without hampering the health of the ocean ecosystem. This paper offers an overview of current maritime key activities, major trends and scenarios, future blue economy development activities with economic and social importance, ecological importance and blue economy policy framework. This paper also focuses on the major constraints and challenges. The current maritime key activities include extraction of living and non-living resources, land based activities, trades and transportation, shipbuilding and ship breaking, tourism and recreation, man-made structures, energy production and, research and survey. The trend data show that the total fish landing and total export income from fisheries has increased over time. However, data on mangrove revenue suggest that in recent years, current revenues from this forest are comparatively less than they were in the 1980s and the 1990s. To expand its Blue Economy, Bangladesh must focus on marine fisheries, non-traditional species, marine biotechnology, oil gas and mineral mining, renewable energy, marine trade and transport, marine tourism and marine spatial planning. However, this paper finds that lack of implementation and enforcement, of management measures, limited planning and coordination are hinder the development of Blue Economic in Bangladesh. Thus a strategic management process integrating multiple stakeholders urgently needed for a sustainable Blue Economy maritime territory of Bangladesh. This research article is available in Journal of Ocean and Coastal Economics: https://cbe.miis.edu/joce/vol6/iss2/3
{"title":"Future Importance of Maritime Activities in Bangladesh","authors":"M. Hussain, P. Failler, S. Sarker","doi":"10.15351/2373-8456.1104","DOIUrl":"https://doi.org/10.15351/2373-8456.1104","url":null,"abstract":"Blue Economy is a concept of economic growth through the sustainable utilization of ocean resources with technological inputs to improve livelihoods and meet the growing demands for jobs without hampering the health of the ocean ecosystem. This paper offers an overview of current maritime key activities, major trends and scenarios, future blue economy development activities with economic and social importance, ecological importance and blue economy policy framework. This paper also focuses on the major constraints and challenges. The current maritime key activities include extraction of living and non-living resources, land based activities, trades and transportation, shipbuilding and ship breaking, tourism and recreation, man-made structures, energy production and, research and survey. The trend data show that the total fish landing and total export income from fisheries has increased over time. However, data on mangrove revenue suggest that in recent years, current revenues from this forest are comparatively less than they were in the 1980s and the 1990s. To expand its Blue Economy, Bangladesh must focus on marine fisheries, non-traditional species, marine biotechnology, oil gas and mineral mining, renewable energy, marine trade and transport, marine tourism and marine spatial planning. However, this paper finds that lack of implementation and enforcement, of management measures, limited planning and coordination are hinder the development of Blue Economic in Bangladesh. Thus a strategic management process integrating multiple stakeholders urgently needed for a sustainable Blue Economy maritime territory of Bangladesh. This research article is available in Journal of Ocean and Coastal Economics: https://cbe.miis.edu/joce/vol6/iss2/3","PeriodicalId":36763,"journal":{"name":"Journal of Ocean and Coastal Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48736432","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Future importance of healthy oceans: Ecosystem functions and biodiversity, marine pollution, carbon sequestration, ecosystem goods and services","authors":"M. Hossain","doi":"10.15351/2373-8456.1103","DOIUrl":"https://doi.org/10.15351/2373-8456.1103","url":null,"abstract":"","PeriodicalId":36763,"journal":{"name":"Journal of Ocean and Coastal Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44788960","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Introduction to the Special Issue on the Blue Economy of Bangladesh","authors":"Pawan G. Patil, P. Failler, Khurshed Alam","doi":"10.15351/2373-8456.1118","DOIUrl":"https://doi.org/10.15351/2373-8456.1118","url":null,"abstract":"","PeriodicalId":36763,"journal":{"name":"Journal of Ocean and Coastal Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48076258","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pawan G. Patil, J. Virdin, C. Colgan, M. Hussain, P. Failler, Tibor Veigh
The Government of Bangladesh resolved its maritime boundaries in 2014, resulting in jurisdiction over ocean space equivalent to 80 percent of the country’s terrestrial area. To encourage the development of this area and the resources it contains, the Government embraced the concept of a “blue economy” in its most recent development plan, as a broad label for all ocean-linked economic activities that are environmentally and socially sustainable. To support the Government’s effort to translate its blue economy aspirations into operational policies, an accounting exercise was conducted to provide initial measures of Bangladesh’s oceanlinked economic activity, as a baseline by which to set targets. The results suggest the contribution of ocean-linked economic activity in Bangladesh in 2014-2015 was just over 3% of national gross value added, derived relatively evenly from tourism and recreation, capture fisheries and aquaculture, transport and energy. The Government’s intention to design blue economy policies will need to be supported by extending the analysis in this study to a full ocean economy satellite account, eventually adding measures of the economic value of marine ecosystem services and the costs of environmental degradation, as well as the status of the underlying stocks of natural capital.
{"title":"Initial Measures of the Economic Activity Linked to Bangladesh’s Ocean Space, and Implications for the Country’s Blue Economy Policy Objectives","authors":"Pawan G. Patil, J. Virdin, C. Colgan, M. Hussain, P. Failler, Tibor Veigh","doi":"10.15351/2373-8456.1119","DOIUrl":"https://doi.org/10.15351/2373-8456.1119","url":null,"abstract":"The Government of Bangladesh resolved its maritime boundaries in 2014, resulting in jurisdiction over ocean space equivalent to 80 percent of the country’s terrestrial area. To encourage the development of this area and the resources it contains, the Government embraced the concept of a “blue economy” in its most recent development plan, as a broad label for all ocean-linked economic activities that are environmentally and socially sustainable. To support the Government’s effort to translate its blue economy aspirations into operational policies, an accounting exercise was conducted to provide initial measures of Bangladesh’s oceanlinked economic activity, as a baseline by which to set targets. The results suggest the contribution of ocean-linked economic activity in Bangladesh in 2014-2015 was just over 3% of national gross value added, derived relatively evenly from tourism and recreation, capture fisheries and aquaculture, transport and energy. The Government’s intention to design blue economy policies will need to be supported by extending the analysis in this study to a full ocean economy satellite account, eventually adding measures of the economic value of marine ecosystem services and the costs of environmental degradation, as well as the status of the underlying stocks of natural capital.","PeriodicalId":36763,"journal":{"name":"Journal of Ocean and Coastal Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47322987","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Policy Interventions for the Development of the Blue Economy in Bangladesh","authors":"P. Failler, M. Hussain, Khurshed Alam, A. Karim","doi":"10.15351/2373-8456.1099","DOIUrl":"https://doi.org/10.15351/2373-8456.1099","url":null,"abstract":"","PeriodicalId":36763,"journal":{"name":"Journal of Ocean and Coastal Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46500277","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
There is new aspiration of sustainable exploitation of marine resources and to achieve sustainable development goals (SDG 14) in recent years. In this context, this document delineates new scope of venturing into the blue economy relative to marine fisheries and mariculture. Potential interventions in marine fisheries include – (i) expansion of the commercial fishing area (beyond the 80 m depth) for harvesting high value fish species (such as tuna, lakkha), (ii) exploration for new fishing grounds and fisheries, (iii) value addition and reducing post-harvest losses, and (iv) assessment of fisheries stocks for estimation of potential yields and optimum sizes of harvest. Food production through mariculture mostly relies on – (i) domestication of new species (such as finfish: seabass, mullet, hilsa, grouper; crustaceans: mud crab; plants: seaweeds) for product diversification and risk reduction towards economic stability, (ii) production intensification (such as semiintensive farming) and adoption of innovative fish/shellfish farming (such as marine cage culture, aquasilviculture, integrated multi-trophic aquaculture) to create new business opportunities, and (iii) live feeds (such as rotifers, artemia biomass) production for hatchery for sustaining the mariculture industry. Nevertheless, investments, knowledge, innovations, new technologies, new breeds and newly domesticated mariculture species can promise a blue revolution in Bangladesh. This research article is available in Journal of Ocean and Coastal Economics: https://cbe.miis.edu/joce/vol6/iss2/7
{"title":"Augmenting Marine Food Production Through Fisheries Management and Mariculture","authors":"S. Sharifuzzaman, M. Golder, M. Hossain","doi":"10.15351/2373-8456.1098","DOIUrl":"https://doi.org/10.15351/2373-8456.1098","url":null,"abstract":"There is new aspiration of sustainable exploitation of marine resources and to achieve sustainable development goals (SDG 14) in recent years. In this context, this document delineates new scope of venturing into the blue economy relative to marine fisheries and mariculture. Potential interventions in marine fisheries include – (i) expansion of the commercial fishing area (beyond the 80 m depth) for harvesting high value fish species (such as tuna, lakkha), (ii) exploration for new fishing grounds and fisheries, (iii) value addition and reducing post-harvest losses, and (iv) assessment of fisheries stocks for estimation of potential yields and optimum sizes of harvest. Food production through mariculture mostly relies on – (i) domestication of new species (such as finfish: seabass, mullet, hilsa, grouper; crustaceans: mud crab; plants: seaweeds) for product diversification and risk reduction towards economic stability, (ii) production intensification (such as semiintensive farming) and adoption of innovative fish/shellfish farming (such as marine cage culture, aquasilviculture, integrated multi-trophic aquaculture) to create new business opportunities, and (iii) live feeds (such as rotifers, artemia biomass) production for hatchery for sustaining the mariculture industry. Nevertheless, investments, knowledge, innovations, new technologies, new breeds and newly domesticated mariculture species can promise a blue revolution in Bangladesh. This research article is available in Journal of Ocean and Coastal Economics: https://cbe.miis.edu/joce/vol6/iss2/7","PeriodicalId":36763,"journal":{"name":"Journal of Ocean and Coastal Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47603787","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Preparing for flooding that will be exacerbated by climate change and sea level rise must take place in the context of "deep uncertainty". One strategy for dealing with that uncertainty is to convert unknown probabilities into know probabilities using techniques such as Monte Carlo analysis. This paper demonstrates the feasibility of creating a cost-benefit model for sea level rise adaptation options using an integrated climate change/sea level rise-weather-economic model. The model tests the probability of benefits exceeding costs for shoreline protection such as beach nourishment and armoring under multiple iterations of possible climate futures. It uses shoreline segments in Monterey, California as a test area. The results of the tests indicate action should be taken sooner rather than later to increase the probability of a positive NPV. The need for further refinement and extension of the model is discussed. This research article is available in Journal of Ocean and Coastal Economics: https://cbe.miis.edu/joce/vol6/iss1/6
{"title":"An Integrated Climate Science-Economic Model for Evaluating Adaptations to Sea Level Rise: A Prototype Model for Monterey, California","authors":"C. Colgan, F. DePaolis, P. King","doi":"10.15351/2373-8456.1112","DOIUrl":"https://doi.org/10.15351/2373-8456.1112","url":null,"abstract":"Preparing for flooding that will be exacerbated by climate change and sea level rise must take place in the context of \"deep uncertainty\". One strategy for dealing with that uncertainty is to convert unknown probabilities into know probabilities using techniques such as Monte Carlo analysis. This paper demonstrates the feasibility of creating a cost-benefit model for sea level rise adaptation options using an integrated climate change/sea level rise-weather-economic model. The model tests the probability of benefits exceeding costs for shoreline protection such as beach nourishment and armoring under multiple iterations of possible climate futures. It uses shoreline segments in Monterey, California as a test area. The results of the tests indicate action should be taken sooner rather than later to increase the probability of a positive NPV. The need for further refinement and extension of the model is discussed. This research article is available in Journal of Ocean and Coastal Economics: https://cbe.miis.edu/joce/vol6/iss1/6","PeriodicalId":36763,"journal":{"name":"Journal of Ocean and Coastal Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-08-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41608278","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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