Valuing the Flood Risk Reduction Benefits of Florida’s Mangroves (original) (raw)

The methodology for estimating the risk reduction benefits of mangroves follows a series of steps that are standard practice in catastrophe risk and coastal engineering assessments, and is also outlined as the recommended methodology for national valuations of natural capital by the World Bank (Beck & Lange, 2016). Using these steps, we estimate surge-related flood damages for two scenarios: i) With Mangroves, and; ii) Without Mangroves. The difference in damages between these scenarios at a given location represents the flood reduction impacts of mangroves at that location.