The National Institute of Building Sciences, an American organisation supporting advances in building sciences and technology to improve the built environment, has released a roadmap outlining strategies to incentivise investment in more resilient buildings.

A Roadmap to Resilience Incentivization outlines concrete incentives that reduce owner costs to make new and existing infrastructure more disaster resilient. Incentives include mortgage discounts, insurance premium discounts, tax incentives, grants, and other inducements.

Previous research undertaken by the Institute showed that pre-disaster mitigation activities save society much more than they cost, but people have not heavily invested in mitigation, partly because owners bear the cost but receive only a small part of the benefit. A Roadmap to Resilience Incentivization proposes a set of incentives by which finance, insurance, real estate, and government infrastructure stakeholders share more fairly the mitigation costs.

The roadmap examines stakeholder motivations, suggests incentivization mechanisms and pilot studies, and outlines standards and data to institutionalize incentivization nationally.

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