The Higher Ground Foundation

Vulnerability Reduction Project Manager - Flood Defense: a new tool for measuring adaptation

HGF regularly conducts webinars on the basics of the climate Vulnerability Reduction Credit. Thanks to all who participated.  A pdf of the tutorial slides can be downloaded here.

To mark the launch of our Pilot Implementation and Partnership Phase, the Higher Ground Foundation is very proud to present a draft of its Vulnerability Reduction Credits (VRCs™) Standard Framework, along with its VRC Project and Methodology documents, for public consultation and comment. The Framework represents the output of a number of years of input and work, culminating in the past year with an Experts’ Review, resulting in this publicly available version.

Adaptation projects may be difficult to prioritize and finance, as the results of projects are difficult to quantifiably measure and compare across project types, and no singular “unit” for adaptation outcomes exists. The Higher Ground Foundation is developing the Vulnerability Reduction Credit (VRC™), which incorporates cost/benefit analysis and per capita vulnerability equalization tools to measure the outputs of climate adaptation projects. The VRC quantifies in a singular unit measures to reduce vulnerability to climate change.

A VRC™ is the monetized cost of the estimated impact of climate change, adjusted for the income level of the community, that will be avoided as a result of the project. In brief, it is a credit for work done to avoid damages or losses owing to climate change - a vulnerability reduction credit.

Adaptation projects may be difficult to prioritize and sustainably finance as the results of projects are difficult to quantifiably measure and compare across project types, and no singular “unit” for adaptation outcomes exists.  The Higher Ground Found