Question

MONEY VALUE OF CLIMATE CHANGE CONTROL

Climate change control is lost through:

a.      Loss of forests - carbon dioxide sinks. Forests are converted to farms and cities.

b.     Release of greenhouse gases into the atmosphere from vehicles, machinery, trains, aircrafts

When climate change control is lost, we experience climate change. One effect of climate change is:

·        Flooding leading to damage to infrastructure such as roads, bridges, houses, property, live

Attempt the following question.

(Note: Use acceptable reasoning from class discussion and current money estimates)

Question 1: Consider the flooding experienced in different parts of Africa recently. Use the replacement cost method to estimate the cost of flooding in your own country.

Cost of flooding = money value of flood control

Answer 1

Let me take an example of the floods in the Indian state of Kerala. It was a disaster in the year 2018. Despite, being very susceptible to floods Kerala hasn't seen anything of that scale before. Now by money value of flood control, let's estimate the cost of flooding.

Costs:

1. Road damage - Rs. 58.15 Billion
2. Crops damage - Rs. 80 Billion
3. Property and house damage - Rs. 62 Billion

Total costs = 58.15+80+62= Rs. 200.15 Billion =$2.67 Billion.

Therefore the Kerala floods costed around $2.67 Billion to the Government.

Hope this helps. Do hit the thumbs up. Cheers!

answered by: anonymous