Jennifer Molnar Enabling Businesses To Evaluate the Role of Habitats in Hurricane Risk Mitigation Jennifer Molnar, Director of Science.

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Presentation transcript:

Jennifer Molnar Enabling Businesses To Evaluate the Role of Habitats in Hurricane Risk Mitigation Jennifer Molnar, Director of Science

Case study: Dow Texas Operations, Freeport Gulf of Mexico Dow Texas Operations

Engineered and natural defenses Jennifer Molnar

Valuation for Corporate Coastal Hazard Mitigation Natural Hazard Mitigation Economic Costs and Benefits to Business and Public Levees Additional Benefits (e.g. Recreation) Biodiversity Habitat

Overview of Analysis Model future land cover with sea level rise, development Identify levee design for 100 yr storm Analyze flood and damages from Cat 1-5 storms Compare avoided damages Assess other public and ecosystem benefits Evaluate opportunities to enhance/protect values

Sea Level Rise and Decreasing Marsh Habitat 6 35% decrease in marsh 9% decrease in marsh Current2050, 0.57 m sea level rise2100, 1.29 m sea level rise

Future Loss of Marsh and Sea Level Rise Increases Risk in m Sea Level Rise 11% Higher Floods 9% Higher Levee Costs Mitigating Effect of Habitat 1% Lower Floods 1% Lower Levee Costs

Private and Public Benefits from Habitat

Habitat for >200 Species Habitat for 12 Fisheries Plus:

Restoration May Maintain/Improve Benefits Restored Dry Lands

c Other Potential Opportunities for Coastal Protection

The Value of Information for Risk Management Science Business methods Inform Conservation/ Business Priorities Jennifer Molnar

Acknowledgments TNC-Sustainability Science: Sheila Walsh (co-lead), Tim Boucher, Jon Fisher, Anthony Rogers, Alex Maas, Jen Molnar Dow: Doug Whipple (co-lead), Daniel Ramirez, John DiMuro, Judy Gunderson TNC-TX: Michael Thompson, Jorge Brenner Natural Capital Project: Greg Guannel, Rob Griffin, Joe Faries, Joey Bernhardt, Greg Verutes, Spencer Wood, Jess Silver, Jodie Toft, Anne Guerry TNC-Global Marine: Mike Beck, Chris Shepard Warren Pinnacle Consulting: Jonathon Clough, Marco Propato, Amy Polaczyk AIR: Akshay Gupta, Andrew Kao Funding: Dow Chemical Company Foundation