Building the Resilient City

Jeb BrugmannICLEI-Local Governments for Sustainability

2

The modern citydoes not internalizenatural risk

RISK PERFORMANCE

RESILIENCE

Resilience is the ability of an urban area or system to provide predictable, targeted benefits to residents and users, and predictable returns to investors, under a wide range of often unpredictable circumstances.

Vancouver: ‘green’ performance

Vancouver: city of risks

Improved solid waste

management

Storm drain maintenance

Newresidential tower

Storm water storage tank

Emergency egressGrade/street redesign

Retention pond

Retention wall

Retention pond Emergency power supply

Permeable surfacing

Roof maintenance

New light rail transit line

Park redevelopment

HVAC upgrading

New office/hotel/

residential tower Water line upgrading

Emergency shelter

Rescue vehicles

“Mainstreaming”Planning & Design Reform

Local Re-development Capacity

Bottom-Up Investment Procurement

“Resilience Upgrading”

3 INVERSIONS

Customized Finance

Emergency shelter

Rescue vehicles

Value capture financing of storm water storage & emergency power

National/Subnational catastrophe bond

Establishment of special redevelopment district in municipal DRM plan

Conventional loans & equity finance; development bonusing; special bonds; revolving loan pools for egress upgrade

Establishment of district re-development corporation or other SPV

Bottom-Up Planning & Design

Local Re-Development Capacity

Local Re-Development Capacity

Create Value

Capture Value

Protect Value

Newresidential tower

Roof maintenance

HVAC upgrading

New office/hotel/

residential tower

Storm water storage tank

Emergency egressGrade/street redesign

Emergency power supply

Project DeliverablesFinancing InstrumentsRequired Innovation

in InstitutionalPerformance

in Risk Reduction Measures

Performance

in Area or SystemPerformance

in ProfessionalPerformance

Place-specific Assets (real estate,

infrastructure, utilities, amenities)

· Risk Reduction· Emergency Management

Measures

· Technical/Planning Assistance· Training

· Other Institutional Support

Institutional Operations Capacity

(utilities or special development corporations)

Specific Asset or System

Performance Enhancements

Grants

Loans(Banks, Revolving

Funds)

Guarantees

Custom Debt Instruments

(Project-specific Municipal, Community, Utility Bonds)

Insurance/Re-insurance

Securitization/Structured Finance

Performance Contracts

(Asset/System Cost Reductions)

Value Capture(From Increased Property

Values)

Catastrophe & Social Impact Bonds

Equity

ICLEI + Brugmann + financing the resilient city