Next Article in Journal
Site Effect Assessment of the Gros-Morne Hill Area in Port-au-Prince, Haiti, Part A: Geophysical-Seismological Survey Results
Next Article in Special Issue
Room for Rivers: Risk Reduction by Enhancing the Flood Conveyance Capacity of The Netherlands’ Large Rivers
Previous Article in Journal
Proximal Monitoring of the 2011–2015 Etna Lava Fountains Using MSG-SEVIRI Data
Previous Article in Special Issue
A Risk-Based Approach to Shelter Resilience following Flood and Typhoon Damage in Rural Philippines
Article Menu
Issue 4 (April) cover image

Export Article

Open AccessArticle
Geosciences 2018, 8(4), 141; https://doi.org/10.3390/geosciences8040141

The Monetary Measurement of Flood Damage and the Valuation of the Proactive Policies in Sicily

Department of Civil Engineering and Architecture, University of Catania, 95125 Catania, Italy
This paper is an extended version of our paper Giuffrida, S.; Ferluga, G.; Trovato, M. R., Flood Risk and Land Resilience: a Socio-Systemic Approach to valuation. In Proceedings of the 19th IPSAPA/ISPALEM International Scientific Conference: The Turning Point of the Landscape-cultural Mosaic: Renaissance Revelation Resilience, Piccinini, L. C. et al., (Eds.); 2016, pp. 29–41.
*
Author to whom correspondence should be addressed.
Received: 16 March 2018 / Revised: 19 April 2018 / Accepted: 19 April 2018 / Published: 22 April 2018
(This article belongs to the Special Issue Integrated Risk Analysis and Management of Floods)
Full-Text   |   PDF [41308 KB, uploaded 3 May 2018]   |  

Abstract

Although floods, as well as other natural disasters, can be considered as relevant causes of intra-generational inequalities, frequent catastrophes and the resulting damage to the territory can be seen as a consequence of a generalized indifference about future. Land protection is one of the societal issues typically concerning inter-generational solidarity, involving the administrative system in the implementation of proactive policies. In the last three decades, the widespread demand for subsidiarity has made local communities more and more independent, so that attention to the long-term effects—typically concerning the territorial system as a whole at geographical scale—has been dispersed, and the proactive policies that come from the central government have become more ineffective. Regarding the case of the 2009 flood in the Fiumedinisi-Capo Peloro river basin in North Eastern Sicily, we propose an economic valuation of the land protection policy. This valuation, compared to the cost of recovery of the damaged areas, can provide helpful information on the decision-making process concerning the trade-off between reactive and proactive land policy. The economic value of land protection was calculated by means of the method of the imputed preferences, to obtain a real measure of the social territorial value from the point of view of the harmony between social system and environment. This method consists of an estimate based on the attribution of the expenditures according to the importance of the different areas. Since the value of land protection has been calculated by discounting the expenditures stream, some considerations about the economic significance of the proactive policy are referred to the role played by the social discount rate in the inter-temporal economic calculation. View Full-Text
Keywords: proactive policies; land protection; inter-generational solidarity; social system; environment; sustainability; cost-benefits Analysis; imputed preferences; imputed expenditures; GIS; social discount rate proactive policies; land protection; inter-generational solidarity; social system; environment; sustainability; cost-benefits Analysis; imputed preferences; imputed expenditures; GIS; social discount rate
Figures

Figure 1

This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).
SciFeed

Share & Cite This Article

MDPI and ACS Style

Trovato, M.R.; Giuffrida, S. The Monetary Measurement of Flood Damage and the Valuation of the Proactive Policies in Sicily. Geosciences 2018, 8, 141.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Geosciences EISSN 2076-3263 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top