Faced with increased climate variability, cities are increasingly considering investments in urban flood protection. However, when evaluating infrastructure investments, they often consider only the direct benefits derived from avoided losses with the costs of infrastructure works, neglecting the many secondary benefits that these investments can bring. Take Bangkok's Centennial Park. It serves not only as a retention area for floodwaters but also as an urban park that integrates nature-based solutions to provide valuable space for recreation and protection from heat for citizens.
Beyond avoided losses: capitalizing on the secondary benefits of investments in urban flood protection
Published on 4 May 2023 on World Bank Blogs