Here's one aspect of the cost issue that I rarely hear:
How is the mitigation money spent?
Specifically, I can easily envision how mitigation measures wind up spurring certain businesses. If dykes and canals need mitigation, then clearly some marine engineering firms are going to get a lot of new business. I'm sure there are plenty of other industries that would benefit from mitigation measures.
So I'm not sure it's correct to think of mitigation costs as being money spent and gone forever. Someone somewhere has to do the work, and that means jobs.
How is the mitigation money spent?
Specifically, I can easily envision how mitigation measures wind up spurring certain businesses. If dykes and canals need mitigation, then clearly some marine engineering firms are going to get a lot of new business. I'm sure there are plenty of other industries that would benefit from mitigation measures.
So I'm not sure it's correct to think of mitigation costs as being money spent and gone forever. Someone somewhere has to do the work, and that means jobs.