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reference : Financing the resilient city

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Financing the resilient city
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reftype Journal Article
Abstract This paper presents a strategy for scaling climate change adaptation within urban areas. The strategy specifically focuses on the requirements for mobilizing large amounts of capital for adaptation and other urban risk reduction above and beyond the amounts that will likely be mobilized through new international adaptation funds. The paper, based on a report published by ICLEI–Local Governments for Sustainability,(1) proposes a re-framing of the urban adaptation and disaster reduction challenge. The approach shifts the adaptation focus from risk reduction as a primary end in itself to a broader development focus on financing the performance of urban assets, areas and/or systems. This emphasis is elaborated through the concept of “resilience”, an urban design and investment metric that measures the ability of urban areas and their individual assets to perform for users and their investors under a wide range of conditions. The paper argues that such a performance-oriented approach provides a business logic that can attract conventional, private investment flows to climate and disaster risk reduction measures and thereby “mainstream” them.
Author Brugmann, Jeb
DOI 10.1177/0956247812437130
Date April 1, 2012
Issue 1
Journal Environment and Urbanization
Pages 215-232
Title Financing the resilient city
URL http://eau.sagepub.com/content/24/1/215.full.pdf+html
Volume 24
Year 2012
Bibliographic identifiers
.reference_type 0
_chapter ["Ch. 25: Coastal Zone FINAL"]
_record_number 4506
_uuid 6580e0e9-855e-4392-b3f8-4e90d9ebc9e1