Project

Incentivising resilience in practice

As part of our work on incentivising resilience, we will identify the opportunities and incentives that are driving resilience investments.

Aims

Building resilience of critical infrastructure requires decision makers working in different industry sectors to understand ‘what’ can be done, ‘why’ it should be done, and ‘how’ to put it into practice. Our work to date has told us that key stakeholders are often either unaware of the value that resilience can bring or are constrained by a lack of resources or support in terms of how to embed and enhance resilience.

In August 2018, we put out a call for expressions of interest to develop industry specific resilience primers to set out the key incentives or other levers that exist for that industry. 18 high quality submissions were received from professional and academic organisations and four grantees were appointed to develop primers that will help key players understand what they can do differently to improve resilience in their industry. See more about our collaborators below.

Sharing our learning

The first four primers in this series are now published with more to follow from spring 2019. See all our published materials.

 

 

Project leaders

Ibbi Almufti
Project Leader

Ibbi specialises in resilience-based design and leads a multi-hazard risk and resilience practice for Arup in San Francisco.

 

Jack W Hogan
Project Leader

Jack specialises in flood risk engineering and design, and works primarily across sustainable infrastructure and urban resilience.

How are we doing this?

  • Funding partners actively working in the area of facilitating resilience value identification and capture.
  • Identifying  industry-specific incentives for leveraging resilience.
  • Understanding where resilience investments might best be applied to the life-cycle of infrastructure.
  • Highlighting the barriers to sustainable resilience investments.
  • Leveraging existing work and expertise relevant to incentivising and operationalising resilience economics.
  • Working principally with known partners already active in the areas of focus and with their networks.

What are the outputs?

  • We will publish a series of Primers aimed at specific industries. The first of these primers are being published in spring 2019.
  • We will share what we learn with a wider audience through a variety of routes.
  • The initial expression of interest closed at the end of August 2018, but the Resilience Shift anticipates continuing this work into 2019.

Project Resources

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.

Collaborators

Four Twenty SevenResilient 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.

  • Four Twenty Seven will focus on Ports and shipping, led by Yoon Kim.
  • Resilient Organisations will focus on Potable water infrastructure, led by Tracy Hatton.
  • Transport Research Laboratory (TRL) will focus on Road and Rail, led by Sarah Reeves.
  • Wood will focus on Electrical Utilities, led by Peter J Hall.

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?