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MainDB: Resilience Rating System : A Methodology for Building and Tracking Resilience to Climate Change

Title

Resilience Rating System : A Methodology for Building and Tracking Resilience to Climate Change

NWPWeblink

NWPTypeOfOrganization

Civil society

NWPGeographicRegion

Africa; Asia; Caribbean and Central America; Europe; North America; Pacific/Oceania; South America

Scope of work

 

NWPMandatesandFrameworks

 

NWPModalityApproachandMechanism

 

NWPEffortsToAddressSOE

 

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NWPFocusonNElossesFlag

 

NWPImpactAreas

 

NWPOutputs

 

Good practices and lessons learned

 

NWPGapsChallenges

 

Date of submission

 

Abbreviation

 

Activities

 

Adaptation element

Monitoring and evaluation/M&E

Adaptation sector/theme

Agriculture; Food security; Water resources; Ecosystems; Biodiversity; Coastal areas/zones; Health; Disaster risk reduction; Energy; Infrastructure; Gender; Urban resilience; Services; Heavy industry

Climate hazard

Drought; Erratic rainfall; Extreme cold; Extreme heat; Floods; Increasing temperatures; Sea level rise; Storm surges; Tropical cyclones/typhoons; Vector and water-borne diseases; Wildfire

Country

 

NWPDataSource

 

Description

Resilience is the capacity to prepare for disruptions, recover from shocks, and grow from a disruptive experience. The World Bank Group has developed a Resilience Rating System that provides guidance and specific criteria to assess resilience along two complementary dimensions. 1. Resilience of the project rates the confidence that expected investment outcomes will be achieved, based on whether a project has considered climate and disaster risks in its design, incorporated adaptation measures, and demonstrated economic viability despite climate risks. 2. Resilience through the project rates a project’s contribution to adaptive development pathways based on whether investments are targeted at increasing climate resilience in the broader community or sector. The objectives of the Resilience Rating System are to: (a) Better inform decision makers, investors, and other stakeholders on the resilience of projects and investments; (b) Create incentives for more widespread and effective climate adaptation through enhanced transparency and simpler disclosure; (c) Identify best practices to allow proven lessons on resilience to be scaled up across sectors and countries; (d) Guide project developers on the best ways to manage risk and improve the quality of projects, while allowing flexibility for different sectoral and country contexts. The resilience rating methodology, from C through to A+ in each dimension, can serve as a guide for institutions, public and private sector participants.

Expected outcome

 

Further information

 

NWPGeographicScope

Local; National; Regional; Subregional

Indicators of achievement

 

NWPInformationType

Tool

NWPJoinDate

16/02/2023

NWPPartner

World Bank

Purpose

 

Regional group

 

Target group

Policy makers; Practitioners; Private sector

NWPWorkStream

NWP

NWPYear

 

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NWPPartners

 

Type of knowledge resource

 

Scale of work

 

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Implementing partners

 

NWPYearPublication

​2021

NWPUpdate

 

SourceItemID

2478

NWPSecendaryEmail

 

NWPPrimaryEmail

 

NWPTypeOfKnowledge

Technical document/report

NWPCountryItem

 

NWPRelevantWeblinks

http://hdl.handle.net/10986/35039;#a method to assess resilience performance of investments

Attachments

Content Type: NWPSearchableItem
Created at 16/02/2023 07:53 by Serkant Samurkas
Last modified at 16/02/2023 07:53 by Serkant Samurkas