'Test Driving' a Financing Instrument for Climate Adaptation : Analyzing Institutional Dilemmas using Simulation Gaming | Land Portal

Informations sur la ressource

Date of publication: 
décembre 2016
Resource Language: 
ISBN / Resource ID: 
Copyright details: 
Open Access, this refers to access without restrictions, and without financial incentives. Access to the resource is gained directly, without any obstacles. From info:eu-repo/semantics/openAccess

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.

Auteurs et éditeurs

Author(s), editor(s), contributor(s): 

Root, Liz
Krabben, van der, Erwin
Spit, Tejo

Fournisseur de données

National Academic Research and Collaborations Information System (NARCIS) is the main Dutch national portal for those looking for information about researchers and their work. NARCIS aggregates data from around 30 institutional repositories. Besides researchers, NARCIS is also used by students, journalists and people working in educational and government institutions as well as the business sector.


Partagez cette page