We will help individuals identify, realise, bring into reality, and sustain the potential resilience value of projects, by identifying the opportunities and incentives that are driving resilience investments.
We will discover gaps and provide clear steps from diagnosing problems (in resilience identification and valuation) to piloting and wide-scale adoption of resilience economics in practice.
Ibrahim Almufti is a structural engineer who specializes in seismic engineering and dynamics and the use of performance-based analysis of complex structures including the developing field of soil-structure interaction. He has developed and applied innovative concepts and alternative design strategies to provide “beyond code” seismic performance for more cost-effective structures.
Jack W Hogan
Jack specialises in flood risk engineering and design, and works primarily across sustainable infrastructure and urban resilience. He has a masters in civil and environmental engineering from Stanford University with a focus on water resources and infrastructure development. His Fulbright research focused on flood risk analysis and optimization strategies for coastal flood defenses in cities vulnerable to sea level rise.
How are we doing this?
- We plan to award grants to partners who are actively working in the area of facilitating resilience value identification and capture, in ways that are called for in practice.
- We will identify industry-specific incentives for leveraging resilience-enhancing investments and opportunities for scaling these incentives.
- We will map the resilience value-chain for each of these industries, and the various different actors along each industry.
- We will identify pinch points or roadblocks preventing the economics of resilience from benefiting stakeholders and the decisions that most critically erode possible resilience-enhancing investments.
- We will compile the research outputs into a series of primers aimed at the various industries represented by the stakeholders that are interviewed.
- It is essential to leverage work already happening and expertise relevant to incentivizing and operationalizing resilience-enhancing investments.
- We will work principally with known partners already active in the areas of focus and with their networks.
What are the outputs?
- We aim to publish a series of Primers aimed at specific industries.
- We will aim to share what we learn with a wider audience through a variety of routes.
Managing asset resilience
Juliet Mian, Technical Director Resilience Shift, gave a presentation on critical infrastructure resilience to an audience of asset owners, managers and operators at the Institute of Asset Management .
The value of resilience
"If resilience had any real economic and societal value, then decision makers would be implementing it already". Chaired by Dr Mark Fletcher, Global Water Leader, Arup, the panel included (pictured from left to right): Trevor Bishop, Director of Strategy and Planning, OFWAT Juliet Mian, Technical Director, Resilience Shift Fred Boltz, CEO Resolute Development Solutions, and Chair, City Water Resilience Framework Dr Mark Fletcher, Global Water Leader, Arup Ruth Boumphrey, Director of Research, Lloyd's Register Foundation Cayley Green, Senior Resilience Analyst, City of Cape Town, and Diego Juan Rodriguez, Senior Water Resources Management Specialist, World Bank.
The end of free market economics?
We interviewed Amanda Janoo at Stockholm World Water Week 2018, on alternative economic thinking around the resilience challenges for economic and industrial policy including diversification, intervention, and balance. Amanda Janoo is an Alternative Economic Policy Expert advising governments and the United Nations. Her advice on policy has particular reference to issues of diversification, value addition, inequality reduction and employment generation. She specialises in a holistic approach to industrial policy design that considers economic, social and environmental dimensions of development, to ensure context-appropriate and complementary policies which are in line with larger national objectives.
Four Twenty Seven, Resilient Organisations, the Transport Research Laboratory (TRL) and Wood have been appointed as grantees to this project.
They have been commissioned to develop industry-specific primers that will help key players understand what they can do differently to improve resilience in their industry. They will set out the key incentives or other levers that exist for that industry.
Making the case for investment in resilient infrastructure
Guest blogger Lisa Dickson, Associate Principal and Director of Resilience for the Americas, Arup, writes on financing urban infrastructure and how the case for resilience can be made. How do we modify the investment scheme to encourage consideration of long-term, resilient infrastructure? What are the current barriers and how might we reconsider our approach to incentivize investment in more resilient systems?