Cost-benefit analysis (CBA) is useful for climate change response and adaptation, and if used properly, it has great potential for long-range planning. CBA should help agencies navigate the spectrum of decisions from mitigation and greenhouse gas reduction to adaptation: where does investing public funds generate the most public good?
The TRB National Cooperative Highway Research Program's NCHRP Web-Only Document 271: Guidelines to Incorporate the Costs and Benefits of Adaptation Measures in Preparation for Extreme Weather Events and Climate Change is published as a companion document to NCHRP Research Report 938. It includes two frameworks that were developed for the project to allow practitioners to conduct CBAs to a level of detail they deem appropriate; a sketch-level analysis can serve as a screening tool to evaluate if adaptation is even appropriate, while a more detailed climate resilience analysis can help to answer the question, “How much can I spend on an adaptation project and have it remain cost-effective?”
National Academies of Sciences, Engineering, and Medicine. 2020. Guidelines to Incorporate the Costs and Benefits of Adaptation Measures in Preparation for Extreme Weather Events and Climate Change. Washington, DC: The National Academies Press. https://doi.org/10.17226/25847.
|Chapter 1 Background||9-10|
|Chapter 2 Research Approach||11-13|
|Chapter 3 Findings and Applications||14-24|
|Chapter 4 Conclusions and Research Recommendations||25-28|
|Appendix A - Technical Memorandum No. 1||30-96|
|Appendix B - Technical Memorandum No. 2||97-156|
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