Handbook for Airports Evaluating Climate Resilience through Benefit Cost Analysis

There is an increasing emphasis among transportation infrastructure providers to ensure that new capital investments and improvements are resilient to impacts from climate change and extreme weather events. However, the benefits of resilient infrastructure accrue throughout the lifetime of an asset and most typically are measured as potential losses avoided, rather than (for example) revenue increases. Benefit-cost analysis (BCA) is a useful method for balancing gradually accrued, unconventional, and risk-dependent benefits with the upfront financial costs of adaptation investments. If appropriately applied, a BCA can help airports better understand and demonstrate the tradeoffs of investing in climate adaptation measures in the context of deep uncertainty. While many BCA models and tools are available, airports have significant and unique challenges to conducting a climate-risk enhanced BCA, including diversity of funding and financing mechanisms and specific climate-related risks facing a given facility. The objective of this research is to develop a handbook for airport industry practitioners who wish to use a BCA approach to evaluate investments in climate adaptation and resilience.


  • English


  • Status: Proposed
  • Funding: $450000
  • Contract Numbers:

    Project 02-78

  • Sponsor Organizations:

    Airport Cooperative Research Program

    Transportation Research Board
    500 Fifth Street, NW
    Washington, DC    20001

    Federal Aviation Administration

    800 Independence Avenue, SW
    Washington, DC  United States  20591
  • Project Managers:

    Goldstein, Lawrence

  • Start Date: 20160731
  • Expected Completion Date: 0
  • Actual Completion Date: 0
  • Source Data: RiP Project 40986

Subject/Index Terms

Filing Info

  • Accession Number: 01606905
  • Record Type: Research project
  • Source Agency: Transportation Research Board
  • Contract Numbers: Project 02-78
  • Files: TRB, RiP
  • Created Date: Jul 30 2016 1:01AM