making the case for investing in climate resiliency · making the case for investing in climate...
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Presented at Building Climate Resilient Infrastructure Systems in Ontario
September 26, 2019
Christine Zimmer, P. Eng. MSc.Eng.Senior Manager, Water and Climate ScienceCredit Valley Conservation
Making the Case for Investing in Climate Resiliency
Risks of not including Climate Change into our
Operational Planning/Budget/Resources
Risks
Legal
Environmental, Health & Safety
Economic
2
Ontario’s disaster
financial assistance from
2005-2009 was $8 million,
but rose to approximately
$44 million between 2010
– 2015, mostly due to
flooding
Global Economic Trends
2018 Zizzo Strategy Inc. All rights reserved.
3
• The world’s biggest companies
representing ~ US$17 trillion have valued
climate risks to their businesses at ~
US$1 trillion - with many likely to hit within
the next 5 years
• Bank of Canada warns that estimated cost
of inaction could be $21-43 billion/year by
2050
• World Economic Forum named climate
change top trend in 2017 Global Risks
Report
• Pension funds, Investors, stock
exchanges, securities regulators,
Moody’s Municipal credit rating agency
pushing for enhanced climate-related
disclosure
How does risk disclosure apply to Stormwater?
SWM Challenges: Jurisdictions
Source: Adapted from Municipality of Middlesex, 2015 (https://www.middlesexcentre.on.ca/Public/Stormwater)
The
ProvincePrivate Owners
What does Stormwater Level of Service mean to you?
Planning DesignMonitoring, Inspection & Maintenance
Flood Forecasting,
Warning Systems & Emergency
Management
Audit & Adaptive
Management
Level of Service
Different Types of Flooding
Riverine Flooding (surface)Source: Toronto Region Conservation Authority, 2019
Urban Flooding
(overland)
Sanitary Sewer BackupSource: Minneapolis Basement Flood Damage Restoration
Evacuation Plans do not consider
flooding
Critical Infrastructure
failure poses potential
threat to public
Community and
municipal service
needs
Flooding does not only impact infrastructure, there are other
municipal and community risks that need to be considered
Water Quality Impacts of Flooding
Low Carbon Communities
Strategy
Flood Resiliency Strategy
Green Natural Infrastructure
Strategy
Public Education Strategy
Peel Climate Change Partnership Plan:Four Strategies 2018-2022
In the ground action and prioritization of
high risk areas
Emergency Management/ Flood
Forecasting and Warning
Compatible land use through planning policy
Risk and PerformanceManagement
Informed by the Peel
Vulnerability Assessments
Informed by the
Peel Climate Change
Partner Feedback
Mandate: Working together to adapt to and mitigate the effects of climate change as we
transition to low carbon and resilient communities within Peel Region.
Partners:
Identify Flood, Water Quality and
Erosion Risks
Identify Potential
Damages
Evaluate Options
for greatest ROI
Risk and Return on Investment Tool
22.00
32.54
17.6816.00
20.02
12.7514.8
17.88
11.75
0.00
5.00
10.00
15.00
20.00
25.00
30.00
35.00
Ponds only Ponds & LA Ponds, LA,&
ResidentialLID
Payb
ack P
eri
od
(yrs
)
Historical Climate
Future Climate (2050s)
Future Climate (2080)
Direct Damages to Buildings due to flooding
‘do nothing’ baseline climate scenario (100 yr return period)
Direct Damages to Buried Infrastructure (including Roads and Railways) due to Stream Erosion
‘do nothing’ baseline climate scenario (100 yr return period)
Priority Flood Risk Areas based on Total Economic Impact
Priority Emergency Preparedness Mapping
Total Direct Damages – Baseline Climate ‘do nothing’ Scenario
$-
$20,000,000.00
$40,000,000.00
$60,000,000.00
$80,000,000.00
$100,000,000.00
$120,000,000.00
$140,000,000.00
$160,000,000.00
100 Yr 50 Yr 25 Yr 10 Yr 5 Yr 2 Yr
Tota
l Dir
ect
Dam
age
s (P
ub
lic a
nd
Pri
vate
)
Storm Profile
Riverine (Buildings) Groundwater (Buildings) Urban Overland (Buildings) Sanitary (Buildings) Roads, Rails and Erosion Costs
SWM Pond Land Acquisition LID
Evaluating Management Options
Average Annual Damages (AAD)
$24,140,000.00
$17,820,000.00 $17,160,000.00
$11,960,000.00
$42,580,000.00
$34,100,000.00 $33,020,000.00
$24,120,000.00
$53,420,000.00
$44,070,000.00 $42,810,000.00
$32,490,000.00
$-
$10,000,000.00
$20,000,000.00
$30,000,000.00
$40,000,000.00
$50,000,000.00
$60,000,000.00
Baseline Stormwater ManagementPonds
Ponds + LA Ponds + LA+ LID Resi
To
tal D
am
ag
es (
pu
blic a
nd
Pri
vate
)
Baseline vs. Management Scenarios
AAD Current - RROIT AAD 2050 - RROIT AAD - 2080s
Payback Period
22.00
32.54
17.68
16.00
20.02
12.75
14.8
17.88
11.75
0.00
5.00
10.00
15.00
20.00
25.00
30.00
35.00
Ponds only Ponds & LA Ponds, LA, & Residential LID
Payb
ack P
eri
od
(yrs
)
Management Scenarios
Historical Climate Future Climate (2050s) Future Climate (2080)
How the Risk Tool Fits into the Flood Strategy
• Identifies High Priority areas for Partners
• Identifies management options for upgrades
• Informs Master Plans, Watershed Plans, Asset Management
Plans, Flood Mitigation Plans
• Meets Federal and Provincial grant requirements (Climate
Change Lens, considers social vulnerability, ROI and life cycle
costing)
Funders and Contributors
questions?
inspired by nature
Climate Change Results
24 Hour Storm – 2050sCurrent Return Period
(years)
Current Annual Probability (%) RROIT - 2050s Annual Probability (%)
2 50% 65%
5 20% 30%
10 10% 15%
25 4% 10%
50 2% 5%
100 1% 3%
150 0.7% 2%
325 0.3% 1%
24 Hour Storm – 2080sCurrent Return Period
(years)
Current Annual Probability (%) 2080s Annual Probability (%)
2 50% 63%
5 20% 36%
10 10% 23%
25 4% 13%
50 2% 9%
100 1% 6%
140 0.71% 4%
340 0.29% 2%
835 0.12% 1%