Cost-Benefit Analysis of Climate-Resilient Housing in Central Vietnam
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Groups vulnerable to storms and typhoons are often poor, and many lack basic resources for response and recovery. Due to technical failures in housing construction, a considerable amount of their income is spent on house repairs or reconstruction after annual storms. Sometimes, they fall into debt from having to borrow much more money than they can afford. Without technical guidance, people often repeat the same building practices, thereby reproducing risks to subsequent storms. This study applied a cost-benefit analysis to quantify the economic benefits of long-term, safety-related measures put in place for housing. This method of analysis has proven that investing money on climate-resilient houses is essential in providing at-risk families with positive net benefits by preventing losses. Keywords: Climate Resilient Architecture; Disaster Risk Reduction/Hazard Management/Hazard Management; Economics; Resilience and Climate Change Adaptation; Social Vulnerability
Authors: Tran Tuan Anh, Tran Huu Tuan, and Tran Vran Giai Phong
Keywords: Climate Resilient Architecture; Disaster Risk Reduction/Hazard Management/Hazard Management; Economics; Resilience and Climate Change Adaptation; Social Vulnerability
Citation: Tran Tuan Anh; Tran Huu Tuan; and Tran Vran Giai Phong. 2016. Cost-benefit analysis of climate-resilient housing in Central Vietnam. EEPSEA Research Report No. 2016-RR6. Economy and Environment Program in Southeast Asia, Laguna, Philippines.
Funded by: EEPSEA Research Reports are the outputs of research projects supported by the Economy and Environment Program for Southeast Asia.