Nowadays, the uncertainties associated with the process of making
decisions for water infrastructure investments can be significant
and arise from, amongst other factors, a lack of knowledge about
primary external drivers, like climate change. New and improved
methods for the assessment climate impacts and adaptation are
needed to address these uncertainties; otherwise, investment
strategies can be maladaptive, resulting in either increased risks
or unnecessary costs of potentially irreversible measures. In
response to this need, there has been a significant expansion of
the approaches and methods in use. This book provides practical
experience with two different assessment methods: Real-In-Options
and Adaptation Tipping Points. These were selected because they
both provide insight into and promote the ability of the system to
deal with future change and thus can be used within a resilience
approach. The resilience approach takes a dynamic perspective on
adaptive processes and the effects of these processes at/across
different spatio-temporal scales. Although the methods share a
similar aim, they have considerable differences in orientation and
application. This book discusses the concept, procedures, case
examples and benefits/limitations of each method, examining its
usefulness for informing investment decisions. It gives specific
recommendations on which method to use under what circumstances.
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