Incorporating the Costs and Benefits of Adaptation Measures in Preparation for Extreme Weather Events and Climate Change—Guidebook (2020) / Chapter Skim
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Pages 129-140
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129 The following presents a worksheet for Level 1 analysis. Level 1: Climate-Adapted Benefit-Cost Analysis This is an approximate test to see if it would be cost-effective to upgrade assets to the future conditions posed by climate change.
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130 Incorporating the Costs and Benefits of Adaptation Measures in Preparation for Extreme Weather Events and Climate Change -- Guidebook Table G-1. (Continued)
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Worksheet for Level 1 Analysis 131 External Data Requirements Parameter Value Used in Scenario Data Source(s) Facility of concern Culvert Project file Geographic location of the facility/corridor under consideration Chesterfield, VA Site plan, maps Hazard(s)
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132 Incorporating the Costs and Benefits of Adaptation Measures in Preparation for Extreme Weather Events and Climate Change -- Guidebook Step 2. Determine damages associated with Step 1.
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Worksheet for Level 1 Analysis 133 Step 6. Calculate total annualized damages.
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136 Incorporating the Costs and Benefits of Adaptation Measures in Preparation for Extreme Weather Events and Climate Change -- Guidebook Calculate future flows and associated expected damages for future climate conditions. To do this, start by identifying the climate change scenario to be used for analysis (see Chapter 3)
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Worksheet for Level 1 Analysis 137 Step 13. Interpolate the damages ( )
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138 Incorporating the Costs and Benefits of Adaptation Measures in Preparation for Extreme Weather Events and Climate Change -- Guidebook Step 16. Summarize the climate-adjusted values for discharge and damages.
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Worksheet for Level 1 Analysis 139 Step 20. Calculate the annualized damages for climate-adjusted conditions using a similar approach to the previous section, substituting the climate-adjusted values for the current condition values based on Step 16.
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140 Incorporating the Costs and Benefits of Adaptation Measures in Preparation for Extreme Weather Events and Climate Change -- Guidebook Step 24. Compare the additional damages for the base case with and without climate adjustment using the base case damages calculated in Step 7 and climate-adjusted damages calculated in Step 22.
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