Economic & Social Losses

Question 1

housing being destroyed cost , social cost and impact

Answer 1

Cost of land and repairing/rebuilding homes

Relocation

Increasing numbers of properties will be at risk forcing people to relocate their home

Question 2

businesses being destroyed cost , social cost and impact

Answer 2

Destruction and damage to businesses leads to the loss of $billions in profits but also in the cost of rebuilding

Loss of livelihood

Income for farmers lost due to loss of livestock and flooding of crops

Loss of jobs when businesses are affected

Question 3

Agricultural land being destroyed cost , social cost and impact

Answer 3

Loss of productive land can lead to food shortages and loss of income from crop and livestock sales

Amenity value

Large areas of land with amenity value are coastal and at risk from coastal flooding

Question 4

Infrastructure - roads, power, water, communication cost

Answer 4

Roads, power stations, power lines, water and energy are all costly to rebuild and repair after flooding

Question 5

These losses can be significant particularly in densely populated coastal areas

This often leads to much higher spending on coastal defences in the densely populated areas due to the cost-benefit analysis calculation

This can lead to conflict between different

Answer 5

stakeholders