Most land use (change) decisions are still based on incomplete information about the real welfare effects (costs and benefits) because many so-called externalities (positive and negative) associated with the change in land use and management are neglected. This leads to loss and degradation of ecosystems and their services affecting human well-being. Worldwide more than 25% of the land surface is now more or less degraded (UNCCD Global Land Outlook, 2017), costing between 4 and 20 trillion US$/year in terms of damage, repair or replacement costs (Costanza et al., 2014).
Dr. Anil Markandya’s new column at the Globaldev about the coastal cities, proposes new measures of the potential damages from coastal flooding, and argues for action based on the idea of ‘acceptable risk’: the maximum amount of damage a society is willing to accept from a flood event.
BC3 – Basque Centre for Climate Change former cientific director Anil Markandya took part this week at the fourteenth meeting of the Conference of the Parties to the UN Convention to Combat Desertification (UNCCD COP 14). This conference was scherduled to take place from 2-13 September 2019, at the India Expo Center and Mart in New Delhi, India.
Part of the side event “Economics of land degradation: Development Alternatives, WOTR & the ELD Initiative” the Distinguished Ikerbasque Professor Markandya gave a presentation about “Economics of Land Degatation: Insights from an evaluation study in Bundelhand by Development Alternatives Group”.
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