RT Journal Article
SR Electronic
T1 Economic Benefits of Nature-Based Solutions for Climate Risk
JF Land Economics
FD University of Wisconsin Press
SP 290
OP 307
DO 10.3368/le.102.2.110824-0105R1
VO 102
IS 2
A1 Álvarez, G. Guillermo García
A1 Botzen, W. J. Wouter
A1 Tesselaar, Max
A1 Aerts, Jeroen C. J. H.
A1 Staccione, Andrea
A1 Mysiak, Jarloslav
A1 Bockarjova, Marija
YR 2026
UL http://le.uwpress.org/content/102/2/290.abstract
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.