Estimating the Economic Impacts of Flooding Due to Climate Change in Atlantic Canada
Researchers at the CSRC have worked on multiple projects related to quantifying economic impacts of sea-level rise and storm surge in Atlantic Canada. This includes modeling damages due to lost land and infrastructure, as well as understanding the net benefits of adaptation. Such information can be used to inform policy aimed at mitigation or adaptation. Separate studies have been conducted that estimate damages and adaptation options at specific sites in Atlantic Canada, as well as economy wide impacts at the provincial level. In addition to modeling damages and adaptation costs in this region, researchers have also quantified the benefit of climate mitigation in the Halifax Regional Municipality by asking residents their willingness to pay to avoid increased storm events under climate change. In general, the majority of residents in this region are concerned about climate change and willing to pay to avoid flooding and other impacts due to severe storms.
