Paving the Way for Climate-Resilient Infrastructure - UN CC:Learn

Chapter 7: A Framework for Risk Assessment and Risk-Informed Decision-Making for Infrastructure DevelopmentPART IITechnicalPresentation 1Figure 7.8: The SWTP criterionWhat a Country ShouldThink About andThen Do to AddressClimate Change andInfrastructure RisksTechnicalPresentation 2Internalization ofClimate Risks in theContext of Planningand Urban DevelopmentTechnicalPresentation 3Because investments depend on social-economical capacity, these investments vary for different societiessuggesting nation-specific values of SWTP (the amount of money to save the last life) for national decisionmaking.SWTP can also be derived for supranational decision-making regarding global investments availablethrough resources (e.g. from the UN). In El Salvador and the surrounding region, SWTP, and thus theamount that should be invested, is between $600,000 and $800,000 per life saved (see Figure 7.9).A Framework forRisk Assessmentand Risk-InformedDecision-Making forInfrastructureDevelopmentTechnicalPresentation 4Figure 7.9: SWTP in $ in El Salvador, surrounding areas, and the worldProbabilistic RiskModeling: BasicPrinciples andApplicationsTechnicalPresentation 5An Economic Frameworkfor Evaluating ClimateProofing Investmentson InfrastructureFrom the LQI, the societal value of a statistical life (SVSL), SVSL = (g/q)E, the costs of compensation for alost life, can also be assessed. In Switzerland, SVSL is about 6 million SFr.TechnicalPresentation 6Supporting ElSalvador to ReduceInfrastructure Riskswithin a Green, Low-Emission and Climate-Resilient Frameworkfor DevelopmentPaving the Way for Climate-Resilient Infrastructure: Conference Proceedings 89