Driving Resilience in the Great Lakes
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STEP 3. Value Multiple Benefits
The third step to accessing funding and financing options for nature-based storm resilience solutions is to value these strategies’ multiple benefits such as reduced flood risk, improved water quality, and enhanced recreation. Knowing the quantitative and qualitative value of these multiple benefits helps communities make the case for investing in nature-based solutions and helps align these projects with potential funding and financing options.
Click through the sections below to find a framework and methodology for quantifying and valuing the multiple benefits of storm resilience projects. Click here to download a PDF version of the framework.
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Why Assess and Value Benefits of Storm Resilience ProjectsWhy Assess and Value Benefits of Storm Resilience Projects
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How to Value Storm Resilience Project BenefitsHow to Value Storm Resilience Project Benefits
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Economic Valuation ApproachesEconomic Valuation Approaches
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Key Steps and ConsiderationsKey Steps and Considerations
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Why Assess and Value Benefits of Storm Resilience Projects
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STEP 2. Select Priority Projects