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:
https://openknowledge.worldbank.org/handle/10986/35039
NWPTypeOfOrganization:
Civil society
NWPGeographicRegion:
Africa; Asia; Caribbean and Central America; Europe; North America; Pacific/Oceania; South America
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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
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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.
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NWPGeographicScope:
Local; National; Regional; Subregional
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NWPInformationType:
Tool
NWPJoinDate:
16/02/2023
NWPPartner:
World Bank
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Target group:
Policy makers; Practitioners; Private sector
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NWP
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NWPYearPublication:
2021
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SourceItemID:
2478
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NWPTypeOfKnowledge:
Technical document/report
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NWPRelevantWeblinks:
http://hdl.handle.net/10986/35039;#a method to assess resilience performance of investments
Created at 16/02/2023 07:53 by Serkant Samurkas
Last modified at 16/02/2023 07:53 by Serkant Samurkas
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