Resilience Rating System : A Methodology for Building and Tracking Resilience to Climate Change
Resilience is the capacity to prepare for disruptions, recover from shocks, and grow from a disruptive experience. The World Bank Group has developed a Resilience Rating System that provides guidance and specific criteria to assess resilience along...
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| Language: | English |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/860801611264556929/Resilience-Rating-System-A-Methodology-for-Building-and-Tracking-Resilience-to-Climate-Change-A-Summary http://hdl.handle.net/10986/35039 |
| Summary: | Resilience is the capacity to prepare
for disruptions, recover from shocks, and grow from a
disruptive experience. The World Bank Group has developed a
Resilience Rating System that provides guidance and specific
criteria to assess resilience along two complementary
dimensions. 1. Resilience of the project rates the
confidence that expected investment outcomes will be
achieved, based on whether a project has considered climate
and disaster risks in its design, incorporated adaptation
measures, and demonstrated economic viability despite
climate risks. 2. Resilience through the project rates a
project’s contribution to adaptive development pathways
based on whether investments are targeted at increasing
climate resilience in the broader community or sector. The
objectives of the Resilience Rating System are to: (a)
Better inform decision makers, investors, and other
stakeholders on the resilience of projects and investments;
(b) Create incentives for more widespread and effective
climate adaptation through enhanced transparency and simpler
disclosure; (c) Identify best practices to allow proven
lessons on resilience to be scaled up across sectors and
countries; (d) Guide project developers on the best ways to
manage risk and improve the quality of projects, while
allowing flexibility for different sectoral and country
contexts. The resilience rating methodology, from C through
to A+ in each dimension, can serve as a guide for
institutions, public and private sector participants. |
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