Publication
Title
A review of economic assessments of drought risk reduction approaches in agriculture
Author
Abstract
Due to climate change, the frequency and intensity of droughts are expected to increase. To improve resilience to droughts, proactive drought management is essential. Economic assessments are typically included to decide on the drought risk-reducing investments to make. The choice of both methods and scope of economic assessments influences the outcome, and thus the investment choice. This paper aims to identify how comprehensively economic assessments are applied in practice. Through a systematic literature review, 14 actual economic assessments are identified and their methods are evaluated based on seven criteria for economic assessments as derived from the United Nations Framework Convention on Climate Change (UNFCCC). The results show that in practice, economic assessments rarely address all criteria. Applying a limited number of criteria reduces the scope and narrows the approach, possibly leading to the underestimation of drought risk reduction approaches’ related benefits. Applying the seven criteria in practice will improve the results of economic assessments of drought risk reduction measures, allowing for optimal investment selection. Based on the different criteria, a Framework for Economic Assessments of Drought Risk-Reducing Applications (FEADRRA) is proposed. Applying the criteria of the framework can support decision-makers in drought risk management and in carrying out the most fitting drought interventions.
Language
English
Source (journal)
Journal of environmental management. - London
Publication
London : 2023
ISSN
0301-4797
DOI
10.1016/J.JENVMAN.2023.118909
Volume/pages
345 (2023) , p. 1-12
Article Reference
118909
ISI
001080044100001
Pubmed ID
37657290
Medium
E-only publicatie
Full text (Publisher's DOI)
Full text (open access)
The author-created version that incorporates referee comments and is the accepted for publication version Available from 31.08.2024
Full text (publisher's version - intranet only)
UAntwerpen
Faculty/Department
Research group
Project info
Blue-Green strategies for climate change adaptation (TURQUOISE).
Blue-Green strategies for climate change adaptation (TURQUOISE).
Blue-Green strategies for climate change adaptation (TURQUOISE).
Blue-Green strategies for climate change adaptation (TURQUOISE).
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identifier
Creation 11.10.2023
Last edited 25.04.2024
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