Engineering Commons^™

The Costs Of Residential Water Scarcity In Cyprus: Impact Of Climate Change And Policy Options, Theodoros Zachariadis

Theodoros Zachariadis

This paper presents an assessment of the costs of water scarcity in Cyprus, today and in the next twenty years, accounting also for the effect of projected climate change in the region. We focus on the residential sector, accounting also for tourism and industry. Using a simple demand function we first compute total scarcity costs in Cyprus for the entire period 2010¡V2030 for three scenarios of future water demand. Our central estimate shows that the present value of total costs due to water shortages in this period will amount to 72 million Euros (at 2009 prices), and if future water …