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.
Related Stories
Green | Oct 5, 2022
In California, a public power provider’s new headquarters serves as a test case for an innovative microgrid and for reducing greenhouse gas emissions
Sonoma Clean Power (SCP), the public power provider for California’s Sonoma and Mendocino Counties, recently unveiled its new all-electric headquarters.
Smart Buildings | Jun 1, 2022
Taking full advantage of smart building technology
Drew Deatherage of Crux Solutions discusses where owners and AEC firms could do better at optimizing smart technology in building design and operations.
Digital Twin | May 24, 2021
Digital twin’s value propositions for the built environment, explained
Ernst & Young’s white paper makes its cases for the technology’s myriad benefits.
Smart Buildings | Nov 20, 2020
The Weekly show: SPIRE smart building rating system, and pickleball court design tips
The November 19 episode of BD+C's The Weekly is available for viewing on demand.
Smart Buildings | Oct 26, 2020
World’s first smart building assessment and rating program released
The SPIRE Smart Building Program will help building owners and operators make better investment decisions, improve tenant satisfaction, and increase asset value.
Smart Buildings | Oct 1, 2020
Smart buildings stand on good data
The coming disruption of owning and operating a building and how to stay ahead through BIM.
AEC Tech | Jan 16, 2020
EC firms with a clear ‘digital roadmap’ should excel in 2020
Deloitte, in new report, lays out a risk mitigation strategy that relies on tech.
Urban Planning | Oct 20, 2016
Despite troubled development, Masdar City forges ahead
The detailed master plan for Phase 2 of Masdar City has been unveiled by CBT.
Smart Buildings | Feb 10, 2016
100 Resilient Cities to partner with Perkins Eastman
Perkins Eastman joins 100RC group of Platform Partners to offer resilience-building services to member cities.
Industry Research | Feb 8, 2016
Changing of the guard: Big cities giving way to newer, less expensive offerings
U-Haul truck rental costs are a good early predictor of migration trends in the U.S.