Development of a cost assessment framework for adaptation

Description

To help policy makers make adaptation decisions more effectively and efficiently, RAMSES has developed a cost assessment framework that follows a hierarchical approach for prioritising and financing adaptation. The cost assessment framework is divided into three key iterative phases that follow a hierarchical process across four levels: describing the RAMSES Transition Handbook phases 2 to 5 (level 1), quantifying costs (level 2), cost assessment methods and financing mechanisms (level 3) and a range of inputs (level 4). The three phases define a procedure for [1] assessing risks and vulnerability based on damage costs, [2] identifying and assessing adaptation options based on their economic net benefits, and [3] planning and implementing city investments based on a range of financing mechanisms and funding models.

Reference information