NCCSAPNational Climate Change Strategy and Action Plan
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Following these vulnerability assessments of the Colombia coastal area to SLR, e critical areas have been identified by the Colombian National Institute for Marine and Coastal Research (INVEMAR, 2003) under the project: "Netherlands Climate Change Studies Assistance Programme-(NCCSAP: Colombia): Defining the vulnerability of bio-geophysical and socio-economic systems due to sea level change in the Colombian coastal zone (Pacific and Caribbean) and adaptation measures." A multi-criteria analysis also established the most suitable protection strategy for each hot spot area.
Using a CBA approach, CVM estimated benefits was weighed against the estimated cost of the protection strategy using secondary data from the NCCSAP study.
* Scenario Description: the scenario for the hypothetical market was created based on the study NCCSAP: Colombia.