Resilience Dividend Valuation Model: Framework Development and Initial Case Studies

Data, information, and tools needed for community resilience planning and decision-making

“…The RAND Corporation and the Rockefeller Foundation formed a partnership to develop a framework to estimate the net benefits of a resilience project [Bond et al 2017], the Resilience Dividend Valuation Model (RDVM). The framework defines the resilience dividend to include the net benefits associated with the absorption of shocks and stressors, the recovery path following a shock, and co-benefits that accrue from a project, even in the absence of a shock.…”

Building resilience from the ground up

“…One option beyond the resilience measurement impasse suggested by some of the authors is to move away from specific metrics towards more generic and globally comparable resilience dividends (see, for example, Rodin, 2014;Bond et al, 2017). The costs of building resilience-be they public or private expenditures-need to be considered in relation to the potential multiple benefits of these multi-faceted projects, which not only help individuals and communities survive hazards but also generate other co-benefits for society, the local economy and the environment, enhancing productivity and well-being-all of which add to the overall value of resilience initiatives (Tanner et al, 2015a(Tanner et al, , 2015bKing-Okumu et al, 2017, 2018Coulibaly et al, 2018).…”

“…Often, they focus on improving people's access to climate and weather information, resources or markets, helping them plan ahead and navigate environmental change and uncertainty in the future. Importantly, resilience-building is anticipated to give greater agency to vulnerable people and produce more co-benefits or 'dividends' than conventional international development approaches (Rodin, 2014;Tanner et al, 2015aTanner et al, , 2015bBond et al, 2017;Cabot Venton, 2018;Cabot Venton et al, 2012).…”

Valuing Environmental Benefit Streams in the Dryland Ecosystems of Sub-Saharan Africa

“…These practices and adaptations enable communities to sustain their land and water resources for the long term while also drawing benefits from them in the short term. In cases where well-informed practices ensure that dryland ecosystems can retain and enhance their own endogenous production of goods and services, this reduces dependence on external cooperation and aid in the forms of disaster relief and social assistance [12][13][14]. Recognizing, maximizing and restoring ecosystem function, self-regulation and resilience can play an important role in ensuring that growth can be self-sustaining both for the ecosystem and for the current members of society.…”

“…The economics of adaptation and returns on adaptation investments have received significant attention [1,3,[21][22][23][24][25][26][27] (www.aboutvalues.net). But the economic value of returns on these investments remains challenging for practitioners to quantify and monitor systematically-especially under erratic, uncertain and drought-prone conditions that commonly occur in Sub-Saharan Africa [13,14,[28][29][30][31][32][33]].…”