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Using the Cost Benefit Analysis for Climate Adaptation Tool for Adaptation Options

Welcome to Using the Cost Benefit Analysis for Climate Adaptation Tool for Adaptation Options!

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.

Welcome to Using the Cost Benefit Analysis for Climate Adaptation Tool for Adaptation Options!

In this course you’ll explore, step by step, how to use the Cost Benefit Analysis for Climate Adaptation Tool.

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:

DTU

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

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.

Learning Outcomes:
After completing this course, you'll be able to:
  • Outline the different steps in the Cost Benefit Analysis process for urban flooding and climate change adaptation projects
  • Describe the main challenges and risks involved
  • Outline the potential adaptation options that exist for tackling extreme climate events
  • Explain the role of disaster risk and flood hazard mapping in the Cost Benefit Analysis process
  • Outline the different methods used to determine the monetary value of adaptation measure benefits
  • List the local, national and international sources of finance available to climate change adaptation projects.

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.

You can learn more about the content of the course by contacting:

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.

To join, all you need to do is select the Go to course button and you will be taken to straight to the course page.
In the Cost Benefit Analysis Community, your active contribution is appreciated and encouraged. Start by setting up your profile and allowing others to get a clearer picture of who you are.

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.

Learning Outcomes:
After completing this course, you'll be able to:
  • Outline the different steps in the Cost Benefit Analysis process for urban flooding and climate change adaptation projects
  • Describe the main challenges and risks involved
  • Outline the potential adaptation options that exist for tackling extreme climate events
  • Explain the role of disaster risk and flood hazard mapping in the Cost Benefit Analysis process
  • Outline the different methods used to determine the monetary value of adaptation measure benefits
  • List the local, national and international sources of finance available to climate change adaptation projects.

Course overviewCourse overview

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The CBA processThe CBA process

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This lesson explains the seven steps involved in the CBA process.
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Step 1: ScopingStep 1: Scoping

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The lessons explains the first step in the CBA process, Scoping.
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Step 2: Adaptation optionsStep 2: Adaptation options

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This lesson outlines Step 2 in the CBA process, Adaptation options.
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Disaster risk and flood hazard mappingDisaster risk and flood hazard mapping

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Step 3: Damages measurementStep 3: Damages measurement

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Methods of monetary valuationMethods of monetary valuation

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Step 4: Monetary valuationStep 4: Monetary valuation

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Step 5: Socioeconomic impactStep 5: Socioeconomic impact

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Financing urban climate adaptionFinancing urban climate adaption

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Step 6: UncertaintiesStep 6: Uncertainties

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Step 7: RecommendationsStep 7: Recommendations

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Course review and summaryCourse review and summary

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Learning Outcomes:
After completing this course, you'll be able to:
  • Outline the different steps in the Cost Benefit Analysis process for urban flooding and climate change adaptation projects
  • Describe the main challenges and risks involved
  • Outline the potential adaptation options that exist for tackling extreme climate events
  • Explain the role of disaster risk and flood hazard mapping in the Cost Benefit Analysis process
  • Outline the different methods used to determine the monetary value of adaptation measure benefits
  • List the local, national and international sources of finance available to climate change adaptation projects.