Equitable and Resilient Infrastructure Investments (2022) / Chapter Skim
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Executive Summary
Executive Summary
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It remains unclear which research strategies can ensure that infrastructure investments help increase resilience and improve equitable decision-making -- and do not inadvertently impact -- vulnerable and disadvantaged communities. Toward that end, the Resilient America Program of the National Academies of Sciences, Engineering, and Medicine convened two committees to address applied research topics in the field of hazard mitigation and resilience to assist the Federal Emergency Management Agency (FEMA)
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On the third topic, the workshop pointed to the need to develop innovative approaches to economically assess and finance resilient and equitable infrastructure investment. As part of this effort, the committee noted the importance of modifying benefit-cost analysis to account for the economic realities of disadvantaged populations within communities; better reflect the benefits and costs that future generations will realize or incur over time; reflect the distribution of costs and benefits, particularly in relationship to historically affected and underserved populations; and better reflect indirect benefits, such as equity, public health, and community resilience, that can be difficult to monetize.
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