How Can DoD Compare Damage Costs Against Resilience Investment Costs for Climate-Driven Natural Hazards? Overview of an Analytic Approach, Its Advantages, and Its Limitations

U.S. Department of Defense (DoD) installations have been affected by extreme weather events, which are likely to increase in frequency and severity because of climate change. DoD sets priorities for investing in installation resilience to adapt to these climate hazards. This report focuses on assessing methods that compare the damage costs resulting from extreme weather events against the costs of enhancing installation resilience.