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Financing Climate Resilience: Mobilizing Resources and Incentives to Protect Boston from Climate Risks

April 2018

Financing Climate Resilience was developed by the University of Massachusetts Sustainable Solutions Lab to help the City of Boston identify proactive strategies for financing investments in flood protection and other climate-related risks. The report details the scale of the climate resilience investments needed to reduce climate risks in Boston, estimating that between $1 and $2. 4 billion in investment will be needed in the medium-term to protect the City from climate change impacts. The report examines a range of financing mechanisms that the City could use including bonds, taxes, resilience fees (e.

Related Organizations: University of Massachusetts, Boston, Boston Green Ribbon Commission

Authors or Affiliated Users: David Levy, Rebecca Herst

Resource Category: Funding

 

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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.

Related Organizations: Clean Energy Group

Authors or Affiliated Users: Robert Sanders, Lew Milford

Resource Category: Funding

 

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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.

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

Resource Category: Data and tools

 

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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.

Related Organizations: Moody's Investor Services

Resource Category: Funding

 

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California Disadvantaged Communities Mapping Tool

June 2016

The California Department of Water Resources (DWR) has developed a web-based application to assist in evaluating disadvantaged community status throughout the State. This publicly available mapping tool shows disadvantaged communities of California, in funding areas as recognized pursuant to California Proposition 1 and Proposition 84. 

Related Organizations: California Department of Water Resources

Resource Category: Data and tools

 

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Weathering the Next Storm: A Closer Look at Business Resilience

September 2015

Weathering the Next Storm from the Center for Climate and Energy Solutions (C2ES) is a comprehensive overview of the state of climate risk assessment and resilience planning within the business community, and provides business resilience strategies for climate change vulnerabilities. The report identifies various approaches companies are using to address climate risks, examines challenges in managing and reporting those risks, and offers strategies for climate risk management within the private sector.

Related Organizations: Center for Climate and Energy Solutions (C2ES)

Authors or Affiliated Users: Janet Peace, Katy Maher

Resource Category: Assessments

 

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The Bottom Line on Climate Change - Come Heat and High Water: Climate Risk in the Southeastern U.S. and Texas

July 30, 2015

This report was developed by the Risky Business Project, whose mission is to quantify the economic risks to the U.S. from unmitigated climate change. This report focuses on the Southeast and Texas and offers a first step toward defining the range of potential economic consequences to this region based on current climate projections through 2100.

Resource Category: Assessments

 

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State of Corporate Adaptation Survey 2015

June 2015

The University of Notre Dame’s Global Adaptation Index (ND-GAIN) and consultant firm Four Twenty Seven, with support from Business for Social Responsibility, launched and published the 2015 Corporate Adaptation report to generate insights into whether and how enterprises are preparing for the physical impacts of climate change. The report is expected to further the collective understanding of best practices, barriers and enablers, and strategies to prepare for climate change in the corporate world.

Related Organizations: Notre Dame Global Adaptation Initiative (ND-GAIN)

Resource Category: Assessments

 

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Limiting the Federal Government's Fiscal Exposure by Better Managing Climate Change Risks

February 11, 2015

This assessment, prepared by the United States Government Accountability Office (GAO), is included in the GAO’s 2015 High Risk Report that identifies agencies and program areas that are high risk due to their vulnerabilities to fraud, waste, abuse, and mismanagement, or are most in need of transformation.

Related Organizations: U.S. Government Accountability Office (GAO), State, Local and Tribal Leaders Task Force on Climate Preparedness and Resilience

Resource Category: Assessments

 

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Comprehensive Economic Development Strategy (CEDS) Content Guidelines

January 2015

The U. S. Economic Development Administration (EDA) issued revised guidelines in 2015 that outline the federal requirements and guidance for writing a Comprehensive Economic Development Strategies (CEDS).  The CEDS guidelines now require regional economic development agencies to consider how climate change will affect economic development and to include strategies for increasing economic resilience. The guidelines acknowledge that a region’s long-term economic resilience will be defined by its ability to quickly recover from economic shocks and that climate change will increasingly cause economic disruptions.

Related Organizations: Economic Development Administration

Resource Category: Law and Governance

 

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