The Cost of Risk Aversion: Eliciting risk preferences and re-evaluating flood protection standards in the Netherlands

Where water flows, prosperity follows.<br/><br/>Many prosperous areas around the world are situated near large bodies of water such as oceans, seas, and rivers. These bodies of water play a vital role in enhancing the prosperity of societies through various means. They provide convenient access to transportation, food, recreation, and many other...

Financial feasibility of large-scale adaptation strategies for future SLR in northern Europe: NEED vs dike reinforcement

The effects of climate change are felt all around the world. An increased sea level goes hand in hand with an increased risk of flooding. To combat this, the coastlines must be reinforced to withstand future sea levels. However, repeatedly reinforcing coastlines to keep up with the sea level rise (SLR) could prove extremely costly. An...