General Obligation (GO) Bonds For Adaptation
“How can we issue tax-based bonds for adaptation projects?”
Adaptation projects require funding to make them happen. One way for this to happen is through General Obligation Bonds, or GO Bonds. GO Bonds work by having a government levy a tax on the assets of the municipality. This will allow for the bond to be repaid directly instead of having to charge for extra use. This is why General Obligation (GO) Bonds For Adaptation is so useful.
“How can we use bonds to fund adaptation projects?”
Climate change has arrived, and its devastating effects are transforming the world. Fires are raging in California, floods are hitting Bangladesh, and droughts are extending their grip over the Middle East. Social and physical infrastructure will need to adapt. The problem is, these programs will cost money, something that many communities do not have. One way to solve this will be to obtain Resilience Bonds. Resilience bonds are specific loans that financial institutions can give out to adaptation projects. These usually involve sending a large amount of money to a community that they can use to build capacity that will be paid off with interest, the latter of which will be the profit generated by the financial institutions.
Climate Impact Depreciation Cost-Benefit Analysis
“How can we input climate impacts into asset depreciation?”
Depreciation analysis is a fundamental part of asset management and decision making. Knowing how much an item is worth at what time point in the future is critical for making informed choices. With the advent of climate change, climate impacts are now an omnipresent reality for many locations. Through Climate Impact Depreciation Cost-Benefit Analysis, such as quantifying how a roof upgrade might better insulate from extreme heat or a new HVAC system may filter out wildfire smoke better, asset managers can be more sure in how they approach decision-making.
Climate-Induced Economic Migration
“How can climate change induce economic migration?”
When the topic of climate migration is brought up, the focus is usually on how certain areas are becoming less inhabitable due to an increased frequency of disasters. However, this isn’t always the case. Climate change can wreak economic opportunities in an area, such as the die-off of a fish population in an area that depends on fishing. This can lead to Climate-Induced Economic Migration. These types of migration will become much more common in discourse when the secondary effects of climate change begin to take root.
Why Quicker Construction Methods Could Be an Adaptation Benefit
“How can quicker construction methods be an adaptation benefit?”
With the advent of climate change, much more construction is going to take place. Homes are going to get rebuilt, railways are going to be repaired, and entire towns may have to move! If we can somehow speed up this process, then we can ensure that adaptation capacity gets built more steadily at a cheaper cost. This is Why Quicker Construction Methods Could Be an Adaptation Benefit.
Climate Impact Depreciation Quantification
“How can we quantify how climate impacts will affect asset depreciation?”
Aging naturally chips away at asset values. However, climate change is going to disrupt this to a whole new level. As weather and earth conditions become more chaotic, more damages are expected to be withstood, shortening the expected life and value of assets affected. By using Climate Impact Depreciation Quantification, we can analytically find how these force can shorten an asset’s life.
Quantitative Transportation Analysis
“How can we apply quantitative methods to transportation analysis?”
Transportation analysis is vital for our everyday lives. It allows us to design cities to meet our needs and get us from point a to point b. By bringing mathematical methods to this, we can create Quantitative Transportation Analysis that can deliver a great deal of optimality to our infrastructure systems. Quantitative transportation analysis is one of the pillars that makes our lives just so much better.
Climate Adaptation Redesign
“Why will we need to redesign everything for climate impacts?”
Climate change is upending everything in society. As such, our designs for everything we had in the past will need to change as well. This Climate Adaptation Redesign is going to become a part of our everyday life.
Tax Base Loss and Managed Retreat
“How can managed retreat lead to a tax base loss?”
Managed retreat is used to move people out of high-risk disaster zones. However, if these same people leave the entire municipality, then they leave the tax base as well. This causes a loss of income for the municipality, which could make building further adaptive capacity more difficult. Future community managers and organizers must take into account Tax Base Loss and Managed Retreat in their climate adaptation plans.