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Common value: transferring development rights to make room for water

In 2019 floods made up 49 % of disasters and 43 % of disaster related deaths globally. Flooding is also the costliest natural disaster, with yearly estimated losses of $36.3 billion. In order to counter these challenges, the flood risk management (FRM) narrative is evolving towards integration of bl...

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Autores principales: Dyca, Besmira, Muldoon-Smith, Kevin, Greenhalgh, Paul
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Ltd. 2020
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7487077/
https://www.ncbi.nlm.nih.gov/pubmed/32952441
http://dx.doi.org/10.1016/j.envsci.2020.08.017
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author Dyca, Besmira
Muldoon-Smith, Kevin
Greenhalgh, Paul
author_facet Dyca, Besmira
Muldoon-Smith, Kevin
Greenhalgh, Paul
author_sort Dyca, Besmira
collection PubMed
description In 2019 floods made up 49 % of disasters and 43 % of disaster related deaths globally. Flooding is also the costliest natural disaster, with yearly estimated losses of $36.3 billion. In order to counter these challenges, the flood risk management (FRM) narrative is evolving towards integration of blue/green infrastructure (BGI), using projects that harness nature and mimic natural processes. However, there is very little research into how BGI-related innovations will be mainstreamed, nor, particularly, how they will be funded. In order to reflect upon this situation, this paper analyses current academic literature and international best practice in BGI and Land Value Capture (LVC) instruments - to form a novel conceptual framework that is designed to act as a staging post for new research into BGI and its practical delivery. Specifically, this analysis focuses on the Transferable Development Rights (TDR) instrument, which has enabled some planning authorities to successfully push forward their environmental agendas, through land conservation, including in flood prone areas. This gap in knowledge has multiple significance. Firstly, land management decisions related to BGI can have deep distributive-justice implications that need to be addressed. Secondly, there is an immediate need to pay for such FRM measures across the world. Thirdly, this financial imperative takes place against an international backdrop of reduced government funding in a time of deep structural change and Covid-19 pressure. Findings in this paper suggest that TDR has the potential to be a successful conduit for managing all three conditions. Yet, the success of TDR is closely linked to the specific legal, market and urban development contexts, which further research should explore within the framework of BGI implementation.
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spelling pubmed-74870772020-09-14 Common value: transferring development rights to make room for water Dyca, Besmira Muldoon-Smith, Kevin Greenhalgh, Paul Environ Sci Policy Article In 2019 floods made up 49 % of disasters and 43 % of disaster related deaths globally. Flooding is also the costliest natural disaster, with yearly estimated losses of $36.3 billion. In order to counter these challenges, the flood risk management (FRM) narrative is evolving towards integration of blue/green infrastructure (BGI), using projects that harness nature and mimic natural processes. However, there is very little research into how BGI-related innovations will be mainstreamed, nor, particularly, how they will be funded. In order to reflect upon this situation, this paper analyses current academic literature and international best practice in BGI and Land Value Capture (LVC) instruments - to form a novel conceptual framework that is designed to act as a staging post for new research into BGI and its practical delivery. Specifically, this analysis focuses on the Transferable Development Rights (TDR) instrument, which has enabled some planning authorities to successfully push forward their environmental agendas, through land conservation, including in flood prone areas. This gap in knowledge has multiple significance. Firstly, land management decisions related to BGI can have deep distributive-justice implications that need to be addressed. Secondly, there is an immediate need to pay for such FRM measures across the world. Thirdly, this financial imperative takes place against an international backdrop of reduced government funding in a time of deep structural change and Covid-19 pressure. Findings in this paper suggest that TDR has the potential to be a successful conduit for managing all three conditions. Yet, the success of TDR is closely linked to the specific legal, market and urban development contexts, which further research should explore within the framework of BGI implementation. Elsevier Ltd. 2020-12 2020-09-13 /pmc/articles/PMC7487077/ /pubmed/32952441 http://dx.doi.org/10.1016/j.envsci.2020.08.017 Text en © 2020 Elsevier Ltd. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Dyca, Besmira
Muldoon-Smith, Kevin
Greenhalgh, Paul
Common value: transferring development rights to make room for water
title Common value: transferring development rights to make room for water
title_full Common value: transferring development rights to make room for water
title_fullStr Common value: transferring development rights to make room for water
title_full_unstemmed Common value: transferring development rights to make room for water
title_short Common value: transferring development rights to make room for water
title_sort common value: transferring development rights to make room for water
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7487077/
https://www.ncbi.nlm.nih.gov/pubmed/32952441
http://dx.doi.org/10.1016/j.envsci.2020.08.017
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