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White paper promotes incentives for improved disaster resilience

Smart Buildings

White paper promotes incentives for improved disaster resilience

NIBS document calls for widespread private and public action.


By Peter Fabris, Contributing Editor | November 9, 2015
White paper promotes incentives for improved disaster resilience

Long Island, N.Y. after Hurricane Sandy struck. Photo: UN ISDR/Creative Commons.

The National Institute of Building Sciences has released a new white paper calling for sweeping action to improve the nation’s resilience to natural disasters.

“The current methods to incentivize investment in resilience strategies rely on three primary mechanisms: federal grant programs (with some support from private foundations); insurance premium discounts for implementing measures to reduce vulnerability; and the political will of communities, either in the wake of a disaster or before an event occurs, through the foresight of community champions,” NIBS says. “While these approaches have provided a level of resilience, they have taken the nation only so far.”

The white paper “Developing Pre-Disaster Resilience Based on Public and Private Incentivization” makes the case that the most cost-effective manner to achieve resilience is through a holistic and integrated set of public, private, and hybrid programs based on capturing opportunities available through mortgages and loans; insurance; finance; tax incentives and credits; grants; regulations; and enhanced building codes.

The white paper identifies a number of possible strategies that stakeholders can use, as the next step, to begin developing the public-private incentives to support resilience. With these approaches, the MMC/CFIRE team hopes that in time, promoting and implementing resilience will become part of common business practices, and integral to maintaining and enhancing the nation’s economy.

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