The Triple Dividend of Building Climate Resilience: Taking Stock, Moving Forward
Harald Heubaum, Carter Brandon, Thomas Tanner, Swenja Surminski, Viktor Roezer
Abstract
This WRI working paper analyzes the full benefits of climate change adaptation investments, divided into three types of dividends. It shows that the benefits that accrue even when the anticipated disaster does not occur are often larger than the “avoided losses” that accrue when disaster does strike. This is important since it shows that the benefits of adaptation investments are much often larger than assumed, and don’t always rely on the probabilities of disaster risk.
Topics & Concepts
DividendStock (firearms)Resilience (materials science)Climate changeAdaptation (eye)BusinessEconomicsFinancial economicsNatural resource economicsFinanceGeographyPsychologyGeologyArchaeologyThermodynamicsOceanographyNeurosciencePhysicsAgricultural risk and resilienceFlood Risk Assessment and ManagementClimate Change Policy and Economics