PT  - JOURNAL ARTICLE
AU  - Álvarez, G. Guillermo García
AU  - Botzen, W. J. Wouter
AU  - Tesselaar, Max
AU  - Aerts, Jeroen C. J. H.
AU  - Staccione, Andrea
AU  - Mysiak, Jarloslav
AU  - Bockarjova, Marija
TI  - Economic Benefits of Nature-Based Solutions for Climate Risk
AID  - 10.3368/le.102.2.110824-0105R1
DP  - 2026 Mar 01
TA  - Land Economics
PG  - 290--307
VI  - 102
IP  - 2
4099  - http://le.uwpress.org/content/102/2/290.short
4100  - http://le.uwpress.org/content/102/2/290.full
AB  - This meta-analysis of stated preference studies involving over 49,500 respondents quantifies the economic value of co-benefits from nature-based solutions (NBSs) that address climate risks. The results indicate that the willingness to pay for co-benefits increases with GDP per capita and decreases with NBS size. Recreational and aesthetic benefits, as well as NBSs developed in urban gray areas, are more valued than conservation and maintenance of current nature sites. The novel value transfer function can assist future research and policy makers in assessing the economic co-benefits of NBSs for climate risk based on the policy site characteristics.