World Resources Institute (WRI) intends to award a Fixed Price type contract to assess the methodology(s) and successful cases of using a triple dividend approach to analyze climate change adaptation policies and investments. The deliverable will be a working paper of no more than 10,000 words, to be published by WRI. Proposals are welcome from individual consultants or teams, universities, or firms.
Proposals for this assessment are due Friday, November 13 at 10AM ET (Washington, DC).
Adaptation actions can generate triple dividends. Unfortunately, however, this broad concept of the financial, economic, social and environmental benefits of actions to improve climate resilience is neither generally understood nor applied. As a result, the full benefits to society of undertaking adaptation-related policy reform and making physical investments are typically under-estimated.
The first dividend of adaptation actions is avoided losses—that is, the ability of the policy or investment to reduce future losses from climate hazards. While avoiding losses is the most common motivation for investing in resilience, taken alone it underestimates the total benefits to society. Many adaptation actions generate significant additional economic, social and environmental benefits, which accrue on an ongoing basis starting at the time of investment and are not dependent on the future state of the climate. In other words, they are both more certain and more immediate. In some cases, the induced economic, social and environmental benefits of adaptation actions exceed the expected value of avoided losses.
The goal of this consultancy is to support the Global Commission on Adaptation’s team’s efforts to make climate risks more visible and actionable, mobilize public and private investment in adaptation. The consultant will produce an assessment that explores the triple dividends approach both methodologically and with concrete examples across different types of adaptation interventions. The intended audience is climate analysts, planners, and project designers from both the public and private sectors.
About the World Resources Institute
Founded in 1982, The World Resources Institute (WRI) is a global environmental think tank that goes beyond research to put ideas into action. We work with governments, companies, and civil society to build solutions to urgent environmental challenges. WRI’s transformative ideas protect the earth and promote development because sustainability is essential to meeting human needs and fulfilling human aspirations in the future. WRI is also a co-Managing Partner for the Global Commission on Adaptation, and this proposal builds from work done with that Commission.
About the Global Commission on Adaptation
The Global Commission on Adaptation (GCA) was established to accelerate adaptation worldwide by raising the visibility of the need for climate adaptation and by focusing on the solutions. The Commission aims to inspire heads of state, government officials, community leaders, business executives, investors, and other international actors to prepare for and respond to the disruptive effects of climate change with urgency, determination, and foresight.