The Resilience Shift Policy Symposium took place on Wed 15 May 2019 in Melbourne Australia. This presentation was by Jack Hogan who is leading the work on incentivising resilience for the Resilience Shift. He spoke about the common themes and key findings emerging from the industry-focused primers on incentives for resilience that the Resilience Shift is developing with a range of grantees. The Symposium explored ways to incentivise resilience - by understanding the key drivers, and exploring the use of different policy approaches to enhance critical infrastructure resilience.
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“
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Resilience Shift
primers
Primers are part of a body of knowledge
that the Resilience Shift is producing
intended to help those responsible for
the financing, planning, design, delivery,
operation and maintenance of critical
infrastructure systems to shift practice.
4. Grantees
• Potable water – Resilient Orgs
• Ports - 427
• Road transport - TRL
• Rail transport - TRL
• Electric utility - Wood
5. Those that can “do resilience”
• Utility operators
• Asset owners
• Resilience champions
Those that can “pull levers”
• Insurers
• Government
• Credit rating agencies
• Customers
Stakeholders Incentivizers
Contributors
In Attendance from Water Primer:
9. Drivers for resilience – common themes
CUSTOMER CHARTERS
POLICY
REGULATIONBUSINESS STRATEGY
INSURANCE
ORG. STRUCTURE
10. Early days for
resilience economics
• Most organizations do not yet
have mature understanding of
resilience value
• Many do not know how to
monetize the gains from
resilience
• Many are not using modern
cost-benefit or analysis tools
Drivers for resilience - initial findings
Enabling environment
is essential
• Critical for all sectors
• No silver bullet
• Some more mature than
others in this respect
Insurance is weak,
customers are strong
• Insurance is a much weaker
motivator than expected
• Compartmentalization of
insurance within orgs
11. Keys to scaling – common themes
EMBED EARLY
STANDARDS
CODESDESIGNATE CHAMPIONS
MEASUREMENT
POLICIES
12. Keys to scaling - initial findings
Designate resilience
champions
• Few people are taking
responsibility for resilience
• Resilience needs a champion
• Organizations need a
structure that supports
resilience champions
Codes, standards,
policies
• Sectors are hungry for
guidance, codes, standards,
and policies
• Very little resistance to
resilience, more ignorance
In terms of what we're doing we have set out work into three workstreams, I see these as buckets for categorising the work that we're doing.
The second workstream is around how to incentivise resilience.
We are looking at this in terms of how do we articulate the value of resilience, who is that value for and how do we know and what are the drivers or levers that are changing or will change practice.
We're looking at both private sector and public top down government policy and regulation in terms of the incentives to try to understand where the balance is in terms of what will drive change.
The second workstream is around how to incentivise resilience.
We are looking at this in terms of how do we articulate the value of resilience, who is that value for and how do we know and what are the drivers or levers that are changing or will change practice.
We're looking at both private sector and public top down government policy and regulation in terms of the incentives to try to understand where the balance is in terms of what will drive change.