Consulting Services for a Costs of Climate Change Study

The City is seeking a consultant to complete an economic/financial assessment of the costs of climate change to the City and local economy. The goal of this assessment is to quantify the localized economic costs (direct losses to GDP and to the City's capital and operating budgets) due to climate-related risks and impacts, and the social costs (indirect costs) incurred due to negative, climate-related impacts on people, health, and/or their environments, to inform City decision-making. This study will inform the development of the City's first stand-alone Climate Resilience Strategy (CRS) by:• Estimating the costs of inaction and supporting the business case for climate adaptation • Supporting the selection, timing, and sequencing of specific adaptation strategies, actions, and measures in the CRS• Guiding the required level of investment in adaptation to achieve the goals of the CRS