Resilience Shift Policy Symposium - Incentivising resilience - Jack Hogan
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The Resilience Shift Policy Symposium took place on Wed 15 May 2019 in Melbourne Australia. This presentation was by Jack Hogan who is leading the work on incentivising resilience for the Resilience Shift. He spoke about the common themes and key findings emerging from the industry-focused primers on incentives for resilience that the Resilience Shift is developing with a range of grantees. The Symposium explored ways to incentivise resilience - by understanding the key drivers, and exploring the use of different policy approaches to enhance critical infrastructure resilience.
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Resilience Shift Policy Symposium - Incentivising resilience - Jack Hogan
- 1. resilienceshift.org info@resilienceshift.org Identifying drivers of change Jack Hogan, PE Climate Risk and Resilience Engineer Arup San Francisco
- 2. 4 / 16 “ “ Resilience Shift primers Primers are part of a body of knowledge that the Resilience Shift is producing intended to help those responsible for the financing, planning, design, delivery, operation and maintenance of critical infrastructure systems to shift practice.
- 3. Sectors • Potable water • Ports • Road transport • Rail transport • Electric utility
- 4. Grantees • Potable water – Resilient Orgs • Ports - 427 • Road transport - TRL • Rail transport - TRL • Electric utility - Wood
- 5. Those that can “do resilience” • Utility operators • Asset owners • Resilience champions Those that can “pull levers” • Insurers • Government • Credit rating agencies • Customers Stakeholders Incentivizers Contributors In Attendance from Water Primer:
- 6. Outcomes
- 9. Drivers for resilience – common themes CUSTOMER CHARTERS POLICY REGULATIONBUSINESS STRATEGY INSURANCE ORG. STRUCTURE
- 10. Early days for resilience economics • Most organizations do not yet have mature understanding of resilience value • Many do not know how to monetize the gains from resilience • Many are not using modern cost-benefit or analysis tools Drivers for resilience - initial findings Enabling environment is essential • Critical for all sectors • No silver bullet • Some more mature than others in this respect Insurance is weak, customers are strong • Insurance is a much weaker motivator than expected • Compartmentalization of insurance within orgs
- 11. Keys to scaling – common themes EMBED EARLY STANDARDS CODESDESIGNATE CHAMPIONS MEASUREMENT POLICIES
- 12. Keys to scaling - initial findings Designate resilience champions • Few people are taking responsibility for resilience • Resilience needs a champion • Organizations need a structure that supports resilience champions Codes, standards, policies • Sectors are hungry for guidance, codes, standards, and policies • Very little resistance to resilience, more ignorance
Notes de l'éditeur
- In terms of what we're doing we have set out work into three workstreams, I see these as buckets for categorising the work that we're doing.
- The second workstream is around how to incentivise resilience. We are looking at this in terms of how do we articulate the value of resilience, who is that value for and how do we know and what are the drivers or levers that are changing or will change practice. We're looking at both private sector and public top down government policy and regulation in terms of the incentives to try to understand where the balance is in terms of what will drive change.
- The second workstream is around how to incentivise resilience. We are looking at this in terms of how do we articulate the value of resilience, who is that value for and how do we know and what are the drivers or levers that are changing or will change practice. We're looking at both private sector and public top down government policy and regulation in terms of the incentives to try to understand where the balance is in terms of what will drive change.