Tools & Guides

Regional Financing Guide

Financing Wildfire Resilience in Colorado

Framework for Conducting TBL-Based Analysis

Conducting an economic assessment of wildfire risk resilience strategies requires an understanding of the probability of wildfire events under various conditions, as well as expected levels of severity, and oftentimes, rainfall conditions following a fire event. The benefits of wildfire resilience projects vary by intervention type, scale of application, and other site specific conditions. Benefits also depend on whether the intervention is designed to reduce the probability and/or severity of wildfire (e.g., forest thinning and prescribed burns) or to reduce the impacts of wildfire once it occurs (e.g., interventions such as aerial mulching, stream restoration). Many of the benefits from interventions designed to reduce wildfire probability and./or severity are considered “no regrets” actions because they provide benefits for years in which no fires occur (e.g., forest management interventions can increase surface water flow volume and improve habitat quality).

Click through the sections below to navigate these complexities. Each section describes key steps and considerations for conducting a TBL-based economic analysis of wildfire resilience strategies, establishing a framework that water utilities and their partners can use to better understand and assess the full range of associated benefits.

How to Value Co-Benefits

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Economic Valuation Approaches

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Individual Resilience Benefits & How to Measure Them

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