气候变化领域集成服务门户(CCPortal): Barriers to Coastal Managed Retreat: Evidence from New Jersey's Blue Acres Program

CCPortal

DOI	10.1086/729868
	Barriers to Coastal Managed Retreat: Evidence from New Jersey's Blue Acres Program
	Hashida, Yukiko; Dundas, Steven J.
发表日期	2024
ISSN	0738-1360
EISSN	2334-5985
英文摘要	Managed retreat is a climate adaptation strategy involving government buyouts of at-risk properties that is currently underutilized in coastal areas of the United States. These programs often require both voluntary homeowner applications and municipal government support for a successful buyout. We use a conceptual framework and a set of empirical models with data from a buyout program in a coastal state to develop descriptive evidence on potential barriers to successful managed-retreat policies in high-risk coastal areas. Key factors influencing buyout success can be associated with municipal budgets, including revenues, expenditures, debt, and government transfers. Importantly, revenue impacts related to property taxes appear to contribute to fewer buyouts, suggesting a potential principal-agent problem related to climate resilience in high-value coastal housing markets. Recognition of the combination of factors that may represent barriers to adoption may help the design and implementation of future programs and improve coastal climate adaptation strategies.
英文关键词	Buyout programs; climate change adaptation; managed retreat; principal-agent problem; sea-level rise; H72; Q54; Q56; Q58
语种	英语
WOS研究方向	Business & Economics ; Environmental Sciences & Ecology ; Fisheries
WOS类目	Economics ; Environmental Studies ; Fisheries
WOS记录号	WOS:001235037400001
来源期刊	MARINE RESOURCE ECONOMICS
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/287038
作者单位	University System of Georgia; University of Georgia; Oregon State University; Oregon State University
推荐引用方式 GB/T 7714	Hashida, Yukiko,Dundas, Steven J.. Barriers to Coastal Managed Retreat: Evidence from New Jersey's Blue Acres Program[J],2024.
APA	Hashida, Yukiko,&Dundas, Steven J..(2024).Barriers to Coastal Managed Retreat: Evidence from New Jersey's Blue Acres Program.MARINE RESOURCE ECONOMICS.
MLA	Hashida, Yukiko,et al."Barriers to Coastal Managed Retreat: Evidence from New Jersey's Blue Acres Program".MARINE RESOURCE ECONOMICS (2024).