Accounting for adaptive capacity in FCERM options appraisal
Provides tools to make sure that future flexibility is properly valued in FCERM decision making and options appraisal.
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Adaptive capacity is the ability to adjust to future change in order to take advantage of opportunities that arise and appropriately manage additional risks that are presented.
The Environment Agency has produced a guide that provides tools to make sure that future flexibility is properly valued in Flood and Coastal Erosion Risk Management (FCERM) decision making and options appraisal. This will help to identify cost-effective solutions, which are able to cope with multiple future uncertainties.
The new tools and guide will supplement existing appraisal guidance, providing practical tools that can be used to assess the value of building in future flexibility.