Climate Resilience and Benefit–Cost Analysis: A Handbook for Airports (2019) / Chapter Skim
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Pages 40-46
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From page 40... ...
40 5.1 Identifying and Targeting Potential Responses Once the relevant assets have been identified and screened for both vulnerability and criticality, the next step is to identify potential adaptation options for climate resilience and then to prioritize those options that are available to the airport. Setting these priorities may involve both qualitative and quantitative evaluations.
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Responses and Adaptations 41 to increasing resiliency. What is of particular value is a matrix that combines specific climate measures, affected airport assets, airport impacts, and illustrative responses into a single table.
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42 Climate Resilience and Benefit–Cost Analysis: A Handbook for Airports A critical element of this approach is quantitative estimation of particular climate risks through time for specific types of assets. This approach can reduce the difficulty of selecting among different adaptation approaches for the following reasons: • It is specific to particular types of risks of damage or loss; • It enables ranking of these damages or losses by their magnitude, timing, probability, and level of uncertainty; • It reduces the complexity of the planning process by making use of this ranking and by shortening the time horizon to be considered by individual phases of sequential planning; and • It allocates resources more effectively since specific damages and losses can be more easily linked to elements of adaptation plans.
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Responses and Adaptations 43 given region. Risk managers can look to public–private partnerships not just for help in creating risk-mitigation plans but also for innovative ideas in disaster risk financing (Golnaraghi et al.
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44 Climate Resilience and Benefit–Cost Analysis: A Handbook for Airports These challenges (or aspects) are discussed in relation to current federal guidance, and suggestions are made on where these challenges may be overcome in the context of the guidance.
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Responses and Adaptations 45 within the next 5 years. While climate change is imminent and its effects are already being experienced, it could be asserted that an event warranting the project may not reasonably be expected to occur within 5 years.
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From page 46... ...
46 Climate Resilience and Benefit–Cost Analysis: A Handbook for Airports Exhibit 5-2 shows the typical sources of airport funds for new projects. Many projects will mix PFC and AIP funds with internally generated revenues and proceeds of bonds to pay for infrastructure projects.
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