CoPe EAGER: Collaborative Research: Evaluating Coastal Community Resilience Bonds to Facilitate Community Recovery

CoPe EAGER：合作研究：评估沿海社区复原力债券以促进社区恢复

基本信息

批准号：
1940192
负责人：
Grace Yan
金额：
$ 10万
依托单位：
Missouri University of Science and Technology
依托单位国家：
美国
项目类别：
Standard Grant
财政年份：
2019
资助国家：
美国
起止时间：
2019-10-01 至 2022-09-30
项目状态：
已结题

来源：
https://www.nsf.gov/awardsearch/showAward?AWD_ID=1940192&HistoricalAwards=false
关键词：
CoPe EAGER Collaborative Research Evaluating

项目摘要

This project evaluates the use of a new type of bond, a coastal community resilience bond (CCRB), that has the potential to assist coastal communities to recover more quickly and become more resilient following a disaster. If effective, this new bond mechanism can be extended to other communities. This new type of bond integrates social assets and physical infrastructure in its development to enable investment in community resilience. The two goals of this resilience bond are to: (1) achieve equitable recovery of both physical and social systems and institutions; and (2) reduce the resilience gap between different types of communities. The resilience bond development includes not only the repair of the physical systems in a community, but also valuation and investment that enable timely recovery of social institutions, bridging a gap in current disaster resilience bonds. As part of this research graduate students will receive cross-disciplinary training where the fields of urban planning, engineering, and finance overlap. To test this new type of bond, the research team considers two case study communities in Mississippi and South Carolina each having different resilience planning capacities, but both identifying needs in resilience investment. Community level modeling with a portfolio of options to achieve these goals and objectives will consider metrics identified as part of the engagement process combined with what is achievable. A resilience bond pricing methodology will be developed through a series of interviews and consultation with insurance and finance industry experts. Pricing will be discussed with community stakeholders to determine if it is within the acceptable range. The primary outcomes of this research are: (1) the development of a coastal community resilience bond which not only includes the repair of the physical systems in a community, but also provides valuation and investment to enable timely recovery of social institutions, bridging a gap in current disaster resilience bonds; (2) a high-fidelity loss model integrated with a community-level model to enable decision-making based on community needs; and (3) development of a coastal community resilience bond development methodology that is adaptive to varying capacities for resilience investment and planning in a variety of communities.This award reflects NSF's statutory mission and has been deemed worthy of support through evaluation using the Foundation's intellectual merit and broader impacts review criteria.

该项目评估了一种新型债券，即沿海社区弹性债券（CCRB）的使用，该债券有可能协助沿海社区更快地恢复并在灾难发生后变得更有弹性。如果有效，则可以将这种新的债券机制扩展到其他社区。这种新型的债券将社会资产和物理基础设施整合到其发展中，以使社区韧性投资。这种弹性纽带的两个目标是：（1）实现物理和社会系统和机构的公平恢复；（2）减少不同类型社区之间的弹性差距。弹性债券的发展不仅包括对社区中物理系统的修复，还包括估值和投资，使社会机构及时恢复，弥合当前灾难恢复债券的差距。作为这位研究研究生的一部分，将接受跨学科培训，其中城市规划，工程和金融领域重叠。为了测试这种新型的债券，研究小组考虑了密西西比州和南卡罗来纳州的两个案例研究社区，各自具有不同的弹性计划能力，但都确定了弹性投资的需求。通过投资组合实现这些目标和目标的选项组合的社区级建模将考虑将标识为参与过程的一部分的指标，并将其结合在一起。弹性债券定价方法将通过一系列访谈和与保险和金融行业专家的磋商来开发。定价将与社区利益相关者讨论，以确定其是否在可接受的范围内。这项研究的主要结果是：（1）沿海社区弹性债券的发展不仅包括社区中物理系统的维修，而且还提供了估值和投资，以及时恢复社会机构，从而在当前的灾难弥补债券中弥补了差距；（2）与社区级别模型集成的高保真损失模型，以根据社区需求实现决策；（3）开发沿海社区的弹性债券发展方法，该方法适应各种社区的弹性投资和计划的能力。该奖项反映了NSF的法定任务，并被认为是通过基金会的知识分子优点和更广泛的影响审查标准通过评估来通过评估来获得支持的。