Urban Land Institute;
Real estate projects designed to withstand the effects of climate change can provide substantial returns on investment and an array of other benefits, according to this new report. Case studies from 10 leading resilience projects are highlighted, ranging from a Boston hospital built to withstand coastal storms to a residential community in San Antonio built to withstand the effects of intense heat and drought. Other communities with highlighted case studies include Queens, N.Y.; Miami, FL; Grand Cayman, Cayman Islands; Nashville, TN; Tucson, AZ and Lancaster, CA.
The study found an array of benefits from the climate-smart designs in addition to their strength against climate unpredictability. They include:
Better energy efficiency. For example, multilayered impact-resistant windows save energy and reduce utility bills.Greater marketing, sales and leasing success driven by buyers' desires for well-built structures that will withstand harsh conditions and keep their value longer.Better financing options and lower insurance rates based on the reduced risk from resilient and hardened structures.
The UK is in recession, and things stand to get much worse for the fifth of the population already living in poverty, and for the millions more whose livelihoods will become more vulnerable as a result. The UK government has recognised its responsibility to help people through the recession, but needs to do more to help the poorest, and to provide security for all. As importantly, policy makers need to take the opportunity that the recession provides to rethink many of the policies of the past decades. This paper sets out a pro-poor policy response to the recession that lays down the foundations for a more equitable, sustainable society. It argues that government action should be based upon a long-term vision of moving to a society based on sustainability, with good quality jobs that allow people to have a more secure livelihood, but also backed up by a welfare state safety net which neither traps people nor leaves them living in poverty.