The triple dividend of building climate resilience: taking stock, moving forward
This WRI working paper analyzes the full benefits of climate change adaptation investments, divided into three types of dividends. It shows that the benefits that accrue even when the anticipated disaster does not occur are often larger than the “avoided losses” that accrue when disaster does strike. This is important since it shows that the benefits of adaptation investments are often larger than assumed, and don’t always rely on the probabilities of disaster risk.
Heubaum, H., C. Brandon, T. Tanner, S. Surminski, and V. Roezer. 2022. “The Triple Dividend of Building Climate Resilience: Taking Stock, Moving Forward.” Working Paper. Washington, DC: World Resources Institute.