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Hongkong Land and Marsh report shows climate resilient design can cut expected flood losses by 88%
Summary
New report sets out a method the industry can use to put a financial value on climate resilienceThe Westbund Central case study shows that its resilience measures are expected to keep storm-surge and rainfall-flood losses in 2050 below the losses…
The new report proposes an industry-applicable methodology to quantify the financial value of climate resilience. A case study of Central on the West Coast in the report shows that its mitigation measures are expected to keep storm surge and flood damage in 2050 at a level lower than the damage faced today by buildings without such protective measures.