| Title: |
Public Value Capture, Climate Change, and the 'Infrastructure Gap' in Coastal Development: Examining Evidence from France and Greece ; Captation de valeur foncière, changement climatique et le 'déficit en infrastructure' sur les zones côtières: un regard sur les expériences en France et en Grèce |
| Authors: |
Karadimitriou, Nikos; Guelton, Sonia; Pagonis, Athanasios; Sousa, Silvia |
| Contributors: |
The Bartlett School of Planning; University College London UCL (UCL); LAB'URBA (LAB'URBA); Université Paris-Est Marne-la-Vallée (UPEM)-Université Paris-Est Créteil Val-de-Marne - Paris 12 (UPEC UP12); University of Paris-East Créteil; National Technical University of Athens, School of Architecture; Universidade do Porto = University of Porto; Research Centre for Territory, Transport and Environment |
| Source: |
ISSN: 2071-1050 ; Sustainability ; https://shs.hal.science/halshs-03690708 ; Sustainability, 2022, ⟨10.3390/su14127019⟩. |
| Publisher Information: |
CCSD; MDPI |
| Publication Year: |
2022 |
| Subject Terms: |
Vendée; Athens Riviera; coastal development; the infrastructure gap; Climate Change; Public Value Capture; JEL: O - Economic Development; Innovation; Technological Change; and Growth/O.O2 - Development Planning and Policy; JEL: R - Urban; Rural; Regional; Real Estate; and Transportation Economics/R.R3 - Real Estate Markets; Spatial Production Analysis; and Firm Location/R.R3.R31 - Housing Supply and Markets; and Firm Location/R.R3.R38 - Government Policy; [SHS.ECO]Humanities and Social Sciences/Economics and Finance; [SHS.ARCHI]Humanities and Social Sciences/Architecture; space management; [SHS]Humanities and Social Sciences |
| Description: |
International audience ; This paper examines the role that two Public Value Capture (PVC) mechanisms could play in providing a source of funding for urban infrastructure in the case of two coastal areas in France and Greece. High development pressures in those areas have been exacerbated in recent times by the growing ‘informality of desire’. Therefore, in a context of climate change the two case study areas face the dual challenge of an increasing ‘investment gap’ and increasing vulnerability. Although the estimated costs are still based on approximate calculations, they are substantive. Using primary and secondary data, as well as analysis of the legal and policy framework, the paper shows that ‘informality of desire’ is not only tolerated but actually incentivised in both countries. This leads to substantial short-term financial benefits for private developers and property owners but also some gains for local authorities and central governments. However, the value captured via the legalisation fees and property taxation is not adequately ringfenced and in any case it is not enough to cover the infrastructure gap and the potential compensation in case of natural disasters |
| Document Type: |
article in journal/newspaper |
| Language: |
English |
| DOI: |
10.3390/su14127019 |
| Availability: |
https://shs.hal.science/halshs-03690708; https://shs.hal.science/halshs-03690708v1/document; https://shs.hal.science/halshs-03690708v1/file/sustainability-14-07019.pdf; https://doi.org/10.3390/su14127019 |
| Rights: |
http://creativecommons.org/licenses/by/ ; info:eu-repo/semantics/OpenAccess |
| Accession Number: |
edsbas.C9FA1B08 |
| Database: |
BASE |