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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Case Study: Florida Keys Community Land Trust

July 25, 2020

The Florida Keys Community Land Trust (CLT) demonstrates how land trusts can deliver resilient affordable housing options in disaster-affected areas. The Florida Keys, a 125-mile long chain of islands off the southern tip of Florida in Monroe County, were devastated in 2017 by Hurricane Irma. Irma made landfall at Cudjoe Key as a Category 4 hurricane and its sustained winds of 132 mph and 8-foot storm surge devastated homes, businesses, and infrastructure in the Lower and Middle Keys. Twenty-five percent of the homes in the Florida Keys were damaged or destroyed by the storm, with disproportionate impacts on manufactured homes that made up the bulk of affordable housing in the County.

Author or Affiliated User: Jessica Grannis

Resource Category: Solutions

 

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Equitable Recovery, Equitable Resilience

August 2020

This white paper from Local Initiatives Support Corporation (LISC) describes the roles that community organizations play in responding to natural disasters, as well as the accomplishments and challenges relating to this work. With natural disasters related to climate change occuring at increasingly frequent rates, community organizations provide critical emergency aid and recovery services. Furthermore, these services can help reduce the recovery gap within communities, as underlying economic, social, and housing factors and public policy decisions create disparities which are exacerbated through natural disasters. Drawing on interviews with various organizations in California, Florida, Puerto Rico, and Texas, this paper reviews the different strategies that these groups use and puts forth some recommendations for policy changes that may be necessary to advance equity in recovery and resilience. 

Resource Category: Solutions

 

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Climate Ready Missoula: Building Resiliency in Missoula County

February 22, 2020

Climate Ready Missoula is an adaptation-focused plan that identifies the greatest climate risks that Missoula County, Montana faces and the potential steps the community can take to address these risks. Formed in collaboration with community organizations and individuals, the plan includes a discussion of climate change projections and scenarios, vulnerability assessments of Missoula County, climate adaptation goals and strategies, and next steps for implementation of the plan. The plan also outlines 12 guiding principles to help focus implementation efforts going forward; the principles emphasize the importance of equity, cultural values, collaboration, science-informed and proactive decisionmaking, ecosystem valuation and cost-benefit analysis, and innovation.

Resource Category: Planning

 

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Baltimore Shines - Baltimore, Maryland

Baltimore Shines is a Baltimore City initiative that helps low-income residents access solar energy through either rooftop installations or community solar projects in Baltimore, Maryland. The program also expands workforce development opportunities in the solar installation industry. Baltimore Shines pilot projects were used to learn about barriers preventing solar installation in low-income communities and to inform the development of a sustainable financing model to increase access to solar energy. As the initial step to teaching energy affordability awareness, Baltimore Shines had community residents’ homes retrofitted by its close affiliate, Civic Works, which installed energy and water conservation equipment in homes. This program was not income restricted and is open to any Baltimore City homeowner or tenant residing in a house or apartment. Baltimore Shines also incorporated the development of workforce opportunities for underemployed and unemployed Baltimore residents through job-training and job placement. Additionally, Baltimore Shines leveraged a state funding program - the Maryland Community Solar Pilot program - that supported investments in renewable energy projects benefiting low- and moderate- income customers and encouraged private investment in the state’s solar industry with incentives for the investors. The program ultimately lowered bills, increased wages for some of the City’s low-income, under-employed or unemployed residents, and enhanced access to solar for many throughout the city. 

Resource Category: Solutions

 

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Florida Senate Resolution 1572

March 5, 2020

On March 5, 2020, the Florida Senate passed a resolution expressing its support for adopting policies to prepare the state for climate change impacts, such as sea-level rise and flooding. In the resolution, the senate also recognizes the importance of resilient infrastructure in “fortifying” the state from those impacts.

Resource Category: Law and Governance

 

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Munich RE NatCatSERVICE Tool

Munich RE’s NatCatSERVICE online tool provides interactive access to one of the world’s most comprehensive databases for analyzing natural catastrophe losses. This archive provides direct access to updated information on insured, economic, and human losses from over 40,000 natural disasters dating back to 1980. Information obtained from this tool can be used in risk assessments for financial and climate change planning and preparedness.

Resource Category: Data and tools

 

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NC Executive Order No. 80: North Carolina's Commitment to Address Climate Change and Transition to a Clean Energy Economy

October 29, 2018

On October 29, 2018, North Carolina's Governor Roy Cooper signed Executive Order (EO) No. 80 entitled, "North Carolina's Commitment to Address Climate Change and Transition to a Clean Energy Economy. " EO 80 calls for the state to take several actions related to climate change to improve the health and well-being of North Carolina's residents, foster innovation and growth of a clean energy workforce, prepare more resilient communities, and reduce the impacts of climate change, like more frequent and intense hurricanes, flooding, extreme temperature, drought, saltwater intrusion, and beach erosion.

Resource Category: Law and Governance

 

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Rigorously Valuing the Role of U.S. Coral Reefs in Coastal Hazard Risk Reduction

2019

This report issued by the U. S. Geological Survey and the U. S. Department of the Interior quantifies the value of U. S. coral reefs in protecting people and infrastructure from coastal hazards that will be exacerbated by climate change and sea-level rise including extreme weather events, flooding, and erosion. The report is intended to inform stakeholders and decision-makers of the value of coral reefs in reducing risk from coastal hazards, and to provide quantitative data that can be used to consider the role coral reefs should play in adaptation and risk mitigation planning.

Authors or Affiliated Users: Curt Storlazzi, Borja Reguero, Aaron Cole, Erik Lowe, James Shope, Ann Gibbs, Barry Nickel, Robert McCall, Ap R. van Dongeren, Michael Beck

Resource Category: Assessments

 

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Alaska - Climate Change Action Plan Recommendations to the Governor

September 26, 2018

The Climate Action for Alaska Leadership Team was implemented by Alaska Administrative Order 289 in 2017 to create climate change policy recommendations and a climate action plan for Alaska. The Leadership Team was responsible for identifying climate change priorities, goals, and metrics, and to recommend any needed statutory or regulatory changes. Going forward, the team will monitor implementation of the plan and be responsible for updating it as needed, and for reporting annually to the Governor.

Resource Category: Law and Governance

 

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Owning the Benefits of Solar+Storage: New Ownership and Investment Models for Affordable Housing and Community Facilities

February 2018

This policy paper examines five models for financing solar PV coupled with battery storage (solar + storage) with the aim of identifying solutions for increasing access to renewable energy in affordable housing and community facilities serving low- to moderate-income (LMI) communities. Solar + storage can reduce utility bills, increase the resilience of power systems, and, in some cases, can lead to revenue from grid services. For these reasons, solar + storage is seen as an equity strategy that can benefit LMI communities.

Authors or Affiliated Users: Robert Sanders, Lew Milford

Resource Category: Funding

 

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