Summary report about socio-economic consequences of the climate change in the Bay of Cala Millor and its influence area

Deliverable D3.2.In this project, the economic assessment of the risk caused by climate change has been based on a double classification. On the one hand, as regards economic activities, an attempt has been made to evaluate the total value in terms of sales. In this way, by basing the valuation on total sales, we try to capture that this amount is subsequently distributed to supplies, remuneration of employees, taxes, capital remuneration, financial expenses, etc. On the other hand, as regards the value of properties, a conservative perspective has been chosen, capturing only the cadastral value of the properties. All these values are exposed to two types of effects: the direct effects of rising sea levels and the flooding of land where there is currently some type of economic or residential activity and the indirect effects linked to the loss of tourist appeal of the area due to the loss of beach surface area and the increase in temperatures. In order to assess the indirect effects of beach loss and rising temperatures, surveys have been conducted to try to evaluate the importance of these two determinants when choosing Cala Millor as a tourist destination.