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POLICY REVIEW


              nature-based resilience to      develop an action plan to  REFERENCES
              SLR. The coastal areas offer    mitigate/adapt to the risk      Alfarrah, N. and Walraevens,
              immense opportunities for       of SLR and also estimate the    K.    (2018)    Groundwater
              economic gains, which creates   resources  (financial,  physical   Overexploitation and Seawater
              opportunities   for   private   and capacity) required to       Intrusion in Coastal  Areas of
              players in financing of the     address  the  risk.  The  policy   Arid and Semi-Arid Regions.
              risks posed by the SLR.         and research agenda  should     Water, 10, 143; doi:10.3390/
                                              also focus on developing        w10020143.
              The Goal no. 14 of the United   market-based     instruments
              Nations 2030 Development        to finance the risk reduction   Bin, O., Poulter, B., Dumas,
              Agenda-     the   Sustainable   measures.  Private  investors   C., &  Whitehead,  J. C. (2011).
              Development Goals (SDG)-        may be attracted to invest in   Measuring the Impact of Sea-
              calls upon member nations to    nature-based solutions if they   Level Rise on Coastal Real
              ‘conserve and sustainably use   are financially viable. Pooling   Estate:  A Hedonic Property
              the oceans, seas and marine     various    investors    with    Model  Approach, Journal of
              resources   for   sustainable   differing risk-return profiles   Regional Science, 51(4):751-767.
              development’, by sustainably    and    investment     sources   Borah, H. (2020) Reflections on
              managing     and   protecting   can   bridge   the   funding    the XV Finance Commission
              marine and coastal ecosystems   gap. Finance  for disaster      recommendations           on
              to avoid significant adverse    management      in    private   disaster  risk  management:
              impacts,     including     by   markets through instruments     Majuli in perspective. The
              strengthening their resilience,   such  as  insurance  has  been   Times  of  India,  available
              and  take  action.  There  is,   largely absent in India. New   at       https://timesofindia.
              therefore, need to develop      insurance    products    (like  indiatimes.com/blogs/
              research and evidence based     parametric insurance) could     social-strings/reflections-on-
              policies to mitigate and adapt   be designed to cover the       the-xv-finance-commission-
              to the threat of rising sea     losses due to various events.   recommendations-on-disaster-
              levels. Though we have some     However, the first step is to   risk-management-majuli-in-
                                                                              perspective/, accessed on 19
              information  about  potential   estimate the cost of mitigation   September 2022.
              SLR    impacts    along   the   and adaptation risk  that
              coastline of few metropolitan   coastal towns and cities face.   Business Line (2018) Chennai
              cities, we still do not know    In  terms  of  measures  that   floods     largest    natural
              how much area and how           can be used for mitigation      catastrophe in India in 2015:
              many people will be at risk     and    adaptation   of   risk   Swiss Re, available at https://
              for various levels of sea level   associated with sea level rise,   www.thehindubusinessline.
              rise scenarios in various other   international  best  practices   com/news/national/chennai-
              coastal regions of the country.   could be reviewed. A holistic   floods-lar gest-natural-
                                                                              catastrophe-in-india-in-2015-
              An agenda for research should   approach        incorporating   swiss-re/article8413852.ece,
              be on mapping the area          physical,   socio-economical    page accessed on 15 September
              and population vulnerable       and financial aspects of the    2022).
              to  SLR  across  every  coastal   SLR risks will go a long way
              district/city. This will help   in protecting lives, livelihoods   Deccan Herald (2022) India’s
              integrate the concept of DRR    and coastal infrastructure      coastal cities may be inundated
              at the local level of planning   against the eminent risk of sea   by 2050: Report (available at :
              and governance and every        level rise.                     https://www.deccanherald.
              district/city will be able to                                   com/national/indias-coastal-
                                                                              cities-may-be-inundated-by-


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