The Resilience Dividend: Accounting for the Co-benefits of Resilience Planning
WRF (World Resource Forum)
Geneva, Switzerland, 25 October 2017
October 19, 2017
Jennifer Helgeson, Ph.D.
Applied Economics Office, Engineering Lab, NIST
Economic Decision Guide (EDG) • Provides a standard methodology for
evaluating investment decisions aimed at improving a community’s resilience
• Designed for use with NIST’s CRPG– but can be used alone
– Mechanism to evaluate efficiency of resilience actions and to prioritize them
• Frames the socio-economic decision process
– Identifies and compares resilience-related benefits & costs
• Across competing alternatives
• Versus the status quo (do-nothing)
Economic Decision Guide Software (EDGeS) Tool • Uncertainty: hazard probability/magnitude, benefits, costs, co-benefits, co-costs
– options: triangular, rectangular, Gaussian, discrete (symmetric & asymmetric)
• To whom does the cost/benefit accrue? – assignment of bearers of the costs/benefits – property rights (externalities)
• Graphical presentations • Co-benefits (co-costs), i.e., the resilience
dividend – Even if a disaster does NOT occur, the
planning enables other day-to-day improvements. (Rodin, 2014; Zolli & Healy, 2013) --- we are moving towards quantitative analysis.
– CGE work on co-benefits (Fung & Helgeson, 2017; Helgeson et. Al., 2017), Example: Cedar Rapids, Iowa
• Inherent resilience • Adaptive resilience
Taken from istockphoto.com
Next steps • Business Residential survey instrument to deploy after disaster events. • Continued work and feedback from communities on the EDG and EDGeS Tool. • Modeling and quantifying the resilience dividend. • Understand co-benefits and trade-offs in planning for sustainability and/or
resilience planning.
Community Needs Drive Functional Requirements for the Built Environment
Contact info.
Website: http://www.nist.gov/el/resilience/
Community Resilience Planning Guide: http://www.nist.gov/el/resilience/guide.cfm Economic Decision Guide: https://www.nist.gov/topics/community-resilience/community-resilience-economic-decision-guide
Want to 1. Test the EDGeS Tool? 2. See the EDGeS User Guide? or 3. Discuss in greater detail, email me:
Jennifer Helgeson, PhD: [email protected] Thank you! Questions? Discussion