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.