Cost Benefit Analysis
Urban areas are expected to become even more exposed and vulnerable to flooding and other consequences of climate change in the future. However, cost-effective planning of adaptation strategies is very complicated. Cost Benefit Analysis is a method that can help decision-makers evaluate adaptation projects and strengthen the basis for making sound investment decisions.
Bridging the gap with this online course
This course provides a robust, step-by-step approach - along with a Cost Benefit Analysis for Climate Adaptation Tool and case-study - to help you assess the costs and benefits for your own city's adaptation projects.
The course shows how the Cost Benefit Analysis for Climate Adaptation Tool works, using a step-by-step process and a real-life example from Odense, Denmark.
It is split into the following modules and learning nuggets:
Module 1 – Getting Started
- Course overview
- The Cost Benefit Analysis process
- Step 1: Scoping
- Step 2: Adaptation options
Module 2 - Risk assessment
- Disaster risk and flood hazard mapping
- Step 3: Damages measurement
Module 3 – Costs and Benefits
- Methods of monetary valuation
- Step 4: Monetary valuation
- Step 5: Socioeconomic impact
Module 4 – Financing
- Financing urban climate adaptation
- Step 6: Uncertainties
- Step 7: Recommendations
- Course review and summary.
If you are a local government or city official seeking training in urban flooding issues and you need to understand how to carry out a Cost Benefit Analysis for a climate adaptation project, then this course is for you!
It will also be of interest to technical staff at water utilities who are involved in decision making on climate adaptation and consultants working in the urban flooding and climate adaptation fields. If this is you, please enrol to make use of the resource and share the course details with others in your network.
The course pages and learning materials are available in English only.
This course was developed by Climate-KIC, in collaboration with the following partners/organisations who provided the content, expertise and tools on which the course is structured:
The Technical University of Denmark is recognised internationally as a leading technical university which carries out research in areas such as engineering, sustainable energy technology and life sciences. The Cost Benefit Analysis programme is based on DTU's extensive research in the field of climate change adaptation.
Acclimatise is a specialist advisory and analytics company providing world-class expertise in climate change adaptation and risk management. They help clients to introduce cost-effective measures to prepare for the challenges that climate change will bring.
Pannon Pro Innovation Services
Pannon Pro Innovation Services is a private consultancy providing a wide range of innovation management and entrepreneurship support activities in Hungary and South East Europe. They help academic, public and private organisations host local and regional climate innovation ecosystems to tackle climate change.
The course will take approximately 120 minutes to complete.
The course is free of charge to use.
This is one of three Cost Benefit Analysis (CBA) courses
- Course 1 - Introduction to CBA for Climate Change Adaptation, which explains what CBA is and describes its use in urban flooding and climate change projects.
- Course 2 - Using the CBA CA Tool for Adaptation Options, which shows how the CBA Climate Adaptation (CA) Tool works, step by step, using the real-life example of Odense, Denmark.
- Course 3 - The CBA CA Tool -Tutorial, which provides an opportunity to practice using the CBA CA Tool, using data from another real-life example (Mumbai, India).
The course is primarily for local government or city officials who need to identify the costs and benefits of climate adaptation projects. However, it will also be of interest to water utilities staff and consultants working in the urban flooding and climate adaptation fields.
The course is free to access.
You are able to enrol on any of the courses and complete them in any order you like. However, we would recommend starting with Course 1 prior to Courses 2-3 and attending any in-person training on the CBA Tool.
The courses can also be used to enhance in-person training, for example, the Course 3 - Tutorial can be used as a practice exercise during or post in-person training.
At the present time, the course is only available in English.
We hope this learning resource will encourage you to use Cost Benefit Analysis to help identify the financial value of your own adaptation project and to use when trying to secure investment funds that you may need. We also hope you’ll become an active part of our learning community and make your contribution felt.
You can then engage in open discussions, reply to questions or contribute to a task that has been set up. You can also initiate a new thread yourself.
Use the ‘Introduce yourself to the community’ forum to introduce yourself to others and find out what people are talking about.