All Resources on the Economics of Adaptation

This tab includes all resources on the economics of adaptation in the Adaptation Clearinghouse, including plans addressing economic impacts and reports describing the economic benefits of adaptation actions. Filter this list by sector or impact.

 

 

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EDGe$ - Economic Decision Guide Software Tool

January 2018

The National Institute of Standards and Technology (NIST) EDGe$ (Economic Decision Guide Software) Tool is a software application for community resilience planning. EDGe$ provides a methodology for evaluating investment decisions for adaptation, resilience and recovery from disruptive events or disasters. The tool is focused on supporting the planning process around the implementation of resilient, economically viable infrastructure in communities. by identifying the cost of investing in  resilience, and the benefits of new community level capital investments.

Resource Category: Data and tools

 

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Natural Hazard Mitigation Saves: 2017 Interim Report

December 2017

This National Institute of Building Sciences report highlights the benefits of implementing natural hazard mitigation strategies, concluding that a $1 investment in hazard mitigation saves $6 in future disaster costs (updating past estimates of a $4 savings). As part of the analysis, the report considers the benefits of mitigating future costs from sea-level rise and increasing flood risks.   In addition to the losses avoided, the report estimated that 600 lives could be saved and 1 million non-fatal injuries avoided with common sense investments in hazard mitigation.

Resource Category: Solutions

 

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Moody's Environmental Risks: Evaluating the Impact of Climate Change on U.S. State and Local Issuers

November 28, 2017

This report from Moody's Investor Services discusses potential credit rating impacts from the exposure and vulnerability of U. S. state and local governments to economic losses from climate change. The report notes that without adaptation, state and local governments will face increasing risks risks from severe heat, changing precipitation patterns, and rising sea levels - and that these risks will become more severe over time. The economic impacts of climate change will include property damage, lowered productivity, health impacts, and increasing energy use.

Resource Category: Funding

 

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Resilience, Equity, and Innovation: The City Accelerator Guide to Urban Infrastructure Finance

November 2017

The City Accelerator Guide offers tools and processes for city governments seeking to finance capital infrastructure projects that address climate resilience and social equity issues. The strategies in this guide offer tested methods for incorporating long-term resilience and equity into the capital planning process. Cross-disciplinary teams from four cities - including Pittsburgh, PA; San Francisco, CA; Washington, D. C. ; and Saint Paul, MN - worked together to develop innovative finance strategies.

Author or Affiliated User: Jennifer Mayer

Resource Category: Solutions

 

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Coastal Adaptation: A Framework for Governance and Funding to Address Climate Change - New York, New Jersey, and Connecticut region

October 16, 2017

The Regional Planning Association (RPA) - for the New York, New Jersey, and Connecticut region - developed this report on coastal climate change adaptation strategies and governance - responding to climate impacts projected for the area such as sea level rise, extreme storms, and severe flooding. According to the report, more than 20% of the region’s municipalities (167) face a future of coastal flooding (either intermittent from storms or permanent from sea level rise). Along with the report, RPA is recommending a new Regional Coastal Commission to help implement adaptation solutions across state lines, produce a regional coastal adaptation plan, and “award funding from new adaptation trust funds” - among other goals.

Resource Category: Solutions

 

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Southeastern Montana Comprehensive Economic Development Strategy

June 2017

In 2017, Southeastern Montana Development Corporation (SEMDC) released the Southeastern Montana Comprehensive Economic Development Strategy (CEDS) after consultation with hundreds of residents throughout the area to address common issues, including repairing infrastructure, increasing broadband capacity to meet local needs, encouraging resilient energy development, and foster diverse, local businesses. Through the CEDS, SEMDC works to create a strong coalition of communities and businesses to facilitate the development of a resilient infrastructure, while “maintaining a traditional, rural, high quality lifestyle.” Among the many projects and initiatives contained within the CEDS, those that are most applicable to developing economic resilience emphasize Climate and Renewable Energy Development, combating inequality and unemployment, and establishing an Economic Resilience Strategy. To address this inequality and unemployment within the region, SEMDC proposes several programs for under-represented, vulnerable communities and residents. This involves the support of workforce development programs in communities that focus primarily on the disadvantaged, as well as scholarship programs that train these individuals on green energy technologies. 

Resource Category: Planning

 

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The Economic Impact of the 2016 Loma Fire

2017

Developed by Earth Economics and requested by the Santa Clara Valley Open Space Authority (OSA), this report offers an assessment of the comprehensive economic impact of the 2016 Loma Fire that occurred in the Santa Cruz mountains of California. The report details the cost of lost ecosystem services, and the process of assessing these costs. Earth Economics also provides recommendations for mitigating future fire-related risk. The OSA requested this analysis in order to better understand the true costs of wildfire events, and how management practices and policies can be modified to reduce overall risk as climate change increases the incidence and intensity of wildfire events.

Resource Category: Assessments

 

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Louisiana 2017 Coastal Master Plan

June 2, 2017

In June 2017, the Louisiana State Legislature unanimously approved the state’s 2017 Coastal Master Plan, which updates the state’s 2012 plan.   The Coastal Master Plan provides a 50-year blueprint for directing Louisiana’s investments, regulations, and programs in coastal restoration, resilience, and protection. The plan recommends 124 projects to restore coastal ecosystems, build flood control structures, and enhance land-use policies to reduce flood risks in coastal Louisiana communities and to enhance coastal economies and ecosystems.

Resource Category: Planning

 

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Planning for Climate Resilience City of Asheville, North Carolina: Phase I Assessment

June 1, 2017

The City of Asheville, North Carolina has identified climate-relate threats and hazards in this assessment to inform Asheville's climate resiliency planning efforts. The city used the information from the Assessment in updating its comprehensive plan, "Living Asheville," which was adopted in June 2018.

Resource Category: Assessments

 

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Comparing Sea Level Rise Adaptation Strategies in San Diego: An Application of the NOAA Economic Framework

June 2017

The San Diego Regional Climate Collaborative worked with local jurisdictions to analyze the costs and benefits of different coastal resilience strategies in two San Diego, California jurisdictions (the cities of Del Mar and Carlsbad). This report presents the quantified economic value of properties at risk from sea-level rise impacts, and the evaluation of the costs and benefits of a range of adaptation strategies, including protection, accommodation and retreat. The study found that all of the adaptation strategies evaluated had a positive return on investment given sea-level rise projections, some delivering over $70 of benefits for a $1 investment.

Resource Category: Assessments

 

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