Economic assessment of nature-based solutions to reduce flood risk and enhance co-benefits.

Flooding is expected to increase due to climate change, urbanisation, and land use change. To address this issue, Nature-Based Solutions (NBSs) are often adopted as innovative and sustainable flood risk management methods. Besides the flood risk reduction benefits, NBSs offer co-benefits for the environment and society. However, these co-benefits are rarely considered in flood risk management due to the inherent complexities of incorporating them into economic assessments. This research addresses this gap by developing a comprehensive methodology that integrates the monetary analysis of co-benefits with flood risk reduction in economic assessments. In doing so, it aspires to provide a more holistic view of the impact of NBS in flood risk management. The assessment employs a framework based on life-cycle cost-benefit analysis, offering a systematic and transparent assessment of both costs and benefits over time supported by key indicators like net present value and benefit cost ratio. The methodology has been applied to the Tamnava basin in Serbia, where significant flooding occurred in 2014 and 2020. The methodology offers valuable insights for practitioners, researchers, and planners seeking to assess the co-benefits of NBS and integrate them into economic assessments. The results show that when considering flood risk reduction alone, all considered measures have higher costs than the benefits derived from avoiding flood damage. However, when incorporating co-benefits, several NBS have a net positive economic impact, including afforestation/reforestation and retention ponds with cost-benefit ratios of 3.5 and 5.6 respectively. This suggests that incorporating co-benefits into economic assessments can significantly increase the overall economic efficiency and viability of NBS.

Real time control of nature-based solutions: Towards Smart Solutions and Digital Twins in Rangsit Area, Thailand.

The intensity and frequency of hydro-meteorological hazards have increased due to fast-growing urbanisation activities and climate change. Hybrid approaches that combine grey infrastructure and Nature-Based Solutions (NBSs) have been applied as an adaptive and resilient strategy to cope with climate change uncertainties and incorporate other co-benefits. This research aims to investigate the feasibility of Real Time Control (RTC) for NBS operation in order to reduce flooding and improve their effectiveness. The study area is the irrigation and drainage system of the Rangsit Area in Thailand. The results show that during the normal flood events, the RTC system effectively reduces water level at the Western Raphiphat Canal Station compared to the system without RTC or with additional storage. Moreover, the RTC system facilitates achieving the required minimum volume and increasing the volume in the retentions. These findings highlight the potential of using RTC to improve the irrigation and drainage system operation as well as NBS implementation to reduce flooding. The RTC system can also assists in equitable water distribution between Klongs and retention areas, while also increasing the water storage in the retention areas. This additional water storage can be utilized for agricultural purposes, providing further benefits. These results represent an essential starting point for the development of Smart Solutions and Digital Twins in utilizing Real-Time Control for flood reduction and water allocation in the Rangsit Area in Thailand.

Incorporating stakeholders' preferences into a multi-criteria framework for planning large-scale Nature-Based Solutions.

Hydro-meteorological risks are a growing issue for societies, economies and environments around the world. An effective, sustainable response to such risks and their future uncertainty requires a paradigm shift in our research and practical efforts. In this respect, Nature-Based Solutions (NBSs) offer the potential to achieve a more effective and flexible response to hydro-meteorological risks while also enhancing human well-being and biodiversity. The present paper describes a new methodology that incorporates stakeholders' preferences into a multi-criteria analysis framework, as part of a tool for selecting risk mitigation measures. The methodology has been applied to Tamnava river basin in Serbia and Nangang river basin in Taiwan within the EC-funded RECONECT project. The results highlight the importance of involving stakeholders in the early stages of projects in order to achieve successful implementation of NBSs. The methodology can assist decision-makers in formulating desirable benefits and co-benefits and can enable a systematic and transparent NBSs planning process.