Valuing ADAPTIVE CAPACITY
Adaptive capacity is the ability to adjust to future change in order to take advantage of opportunities that arise and appropriately manage additional risks that are presented.
The Environment Agency has produced a new guide that provides tools to ensure that future flexibility is properly valued in Flood and Coastal Erosion Risk Management (FCERM) decision making and options appraisal. This will help to identify cost-effective solutions, able to cope with multiple future uncertainties.
The new tools and guide will supplement existing appraisal guidance, providing practical tools that can be used to assess the value of building in future flexibility.
Reports and papers:
Brisley, R., Wylde, R., Lamb, R., Cooper, J., Sayers, P. and Hall, J. (2015) Techniques for valuing adaptive capacity in flood risk management. Proceedings of the ICE - Water Management. DOI: http://dx.doi.org/10.1680/jwama.14.00070
Project reports and spreadsheet tools published in 2018
The study is ongoing - for further information contact Paul Sayers (firstname.lastname@example.org)