Resources on Cost-Benefit Analysis and Adaptation

This tab includes resources on benefit-cost analysis and adaptation.

 

 

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Resource

Delivering Urban Resilience: Costs and benefits of city-wide adoption of smart surfaces

2018

This report quantifies the benefits and costs of smart surface technologies and finds that the risks from extreme heat and weather can be offset by these technologies. It draws on  Washington D. C. , Philadelphia, and El Paso as case studies and considers five smart surface technologies: cool roofs, green roofs, solar PV, reflective pavements, and urban trees. The authors find that adopting these technologies can generate millions (or even billions) of dollars in net financial benefits at the city level and can generate half a trillion dollars in net financial benefits nationwide.

Authors or Affiliated Users: Greg Kats, Keith Glassbrook

Resource Category: Solutions

 

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Resource

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.

Related Organizations: National Institute for Standards and Technology (NIST)

Resource Category: Data and tools

 

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Resource

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.

Related Organizations: National Institute of Building Sciences

Resource Category: Solutions

 

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Resource

HUD National Disaster Resilience Competition

June 14, 2014

One-time funding opportunity (this competition closed in January 2016 when thirteen winning proposals were selected)

In a one-time funding announcement, the U.S. Department of Housing and Urban Development (HUD) allocated $1 billion in federal disaster recovery dollars through the National Disaster Resilience Competition (NDRC).  The competition was announced on June 14, 2014 and the winners were announced in January 2016.  This resource is a good example of how a grant program can be used to spur innovative resilience projects, it also demonstrates a model for reforming procedures for conducting benefit-cost analyses to account for the social and environmental benefits of resilience projects.  

Related Organizations: The Rockefeller Foundation, U.S. Department of Housing and Urban Development (HUD)

Resource Category: Funding

 

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Resource

NOAA Economic Framework - What Will Adaptation Cost?

June 2013

Developed by the National Oceanic and Atmospheric Administration (NOAA), this framework was designed to help coastal communities evaluate the costs and benefits of different adaptation strategies. The framework walks users through a four-step process for evaluating and monetizing risks from sea-level rise, and for calculating the costs and benefits of various strategies. The report cross-references tools and spatial data that can be used to apply this framework in a user's own local jurisdictions.

Related Organizations: National Oceanic and Atmospheric Administration (NOAA)

Resource Category: Assessments

 

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Resource

Michigan Cost-Benefit Model Evaluation of M222 Slope Stabilization

2011

The Michigan Department of Transportation (MDOT) tested a National Cooperative Highway Research Program (NCHRP) cost-benefit model to evaluate the cost-effectiveness of a roadside slope stabilization project in light of future temperature and precipitation projections. The road, which is located on a portion of route M-222 along the Kalamazoo River in the City of Allegan, has a slope that has already experienced erosion caused by intense precipitation and flooding.  MDOT was in the process of stabilizing the slope using structural measures, rather than vegetative or other “soft” approaches.

Related Organizations: Michigan Department of Transportation

Resource Category: Solutions

 

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