Spatial heterogeneity of preferences for sea-level rise adaptation: Empirical evidence from yearlong and seasonal residents in Florida

• DOI: 10.1016/j.crm.2023.100515
• Publication Date: 2023-04-28T01:30:02Z
• Authors: Sisi Meng; Pallab Mozumder
• Keywords: Empirical evidence; Climate Change Adaptation

A growing body of evidence suggests that the global sea level has been increasing at an accelerating rate. This trend, which is linked to warming, poses a significant threat communities living in low elevation coastal areas. study aims investigate public preferences and estimate economic value sea-level rise (SLR) adaptation projects Florida. We compute households' willingness pay (WTP) for different attributes SLR programs using series choice experiments embedded within household survey selected find strong spatially heterogeneous both short-term long-term plans. Moreover, Florida's seasonal residents are willing more than yearlong due their higher risk perceptions income levels. There few studies present literature compare across this demographic gradient. Thus, empirical findings can contribute significantly design optimal policies tackle caused by climate change.