Developing a Business Case for Investing in Water Resilience

Symposium B6

Abstract:

Fresh water resources often cross jurisdictional boundaries and can suffer from a “tragedy of the commons”. Many smaller entities take fresh water access for granted and are not financially prepared for disrutpions and the insurance industry is largely absent from this sector. Water sector risk management is mostly focused on constructing new infrastructure to access more water supply and reducing risk to that infrastructure. However, when water sector disruptions occur –whether due to supply or distribution systems, both businesses and human health suffer, and are further strained the longer the duration of the disruption. Making investments in resilience and building resilience practices are important to manage disruptions and recovery, especially in areas already stressed by degraded infrastructure or projected climate change, including both drought and excessive precipitation. It it critial to establish the business case for water sector resilience in order to incentivize early investment in resilience to prevent major humanitarian and economic disasters in the future.

Speakers:
Cate Fox-Lent, U.S. Army Engineer Research and Development Center
Dr. Igor Linkov, US Army Corps of Engineers’ Research and Development Center
Mr. James Dalton, US Army Corps of Engineers, Headquarters
Peter Civitenga, AIR Worldwide
Dr. Thomas Seager, Arizona State University, Associate Professor, School of Sustainable Engineering & the Built Environment
Dr. Simon Buckle, Head of Climate, Biodiversity and Water Division, OECD
Raffael Stein, US Environmental Protection Agency, Director, Municipal Support Division, Office of Water

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