'Test Driving' a Financing Instrument for Climate Adaptation: Analyzing Institutional Dilemmas using Simulation Gaming. (26th May 2016)
- Record Type:
- Journal Article
- Title:
- 'Test Driving' a Financing Instrument for Climate Adaptation: Analyzing Institutional Dilemmas using Simulation Gaming. (26th May 2016)
- Main Title:
- 'Test Driving' a Financing Instrument for Climate Adaptation: Analyzing Institutional Dilemmas using Simulation Gaming
- Authors:
- Root, Liz
van der Krabben, Erwin
Spit, Tejo - Abstract:
- Abstract: Urban physical public infrastructure is a frontline defense mechanism to manage and mitigate climate-related impacts. Market instruments are often cited as possible means to spread risk and reduce financial burdens on the public sector. The authors argue that existing research tends to focus on the technical issues of instruments and neglects considering institutional dynamics that may enable or constrain local market-based financing mechanisms. In this article, three core dilemmas (values uncertainty, planning horizon, and indirect benefits) are used to analyze the responses of practitioners to a possible financing instrument. The findings indicate that the practitioner's responses to tax increment financing were largely shaped by the adaptation dilemmas and not the characteristics of the instrument per se. By mapping the dilemmas onto whether they would recommend it, participants imposed a financial barrier on climate adaptation investments. The authors conclude that a key imperative in the design of policy instruments is to pay attention to the congruency of informal institutions at the 'street level' in order to be in-step with the current sociopolitical conditions. The findings also point to four key attributes that a local market-based instrument would need to be aligned and responsive to the Dutch planning and development context.
- Is Part Of:
- Planning, practice & research. Volume 31:Number 3(2016)
- Journal:
- Planning, practice & research
- Issue:
- Volume 31:Number 3(2016)
- Issue Display:
- Volume 31, Issue 3 (2016)
- Year:
- 2016
- Volume:
- 31
- Issue:
- 3
- Issue Sort Value:
- 2016-0031-0003-0000
- Page Start:
- 250
- Page End:
- 269
- Publication Date:
- 2016-05-26
- Subjects:
- Climate adaptation -- finance -- neighborhood planning -- public infrastructure -- simulation gaming
Regional planning -- Periodicals
Social policy -- Research -- Periodicals
307.1205 - Journal URLs:
- http://www.tandfonline.com/toc/cppr20/current ↗
http://www.tandfonline.com/ ↗ - DOI:
- 10.1080/02697459.2016.1158073 ↗
- Languages:
- English
- ISSNs:
- 0269-7459
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 6509.252600
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 8561.xml