Martin Zoffmann
October 12, 2023
For every dollar New York spends on blue-green infrastructure, it gets two back
New York’s flash flood emergency at the end of September makes the investment of billions to prepare the city for a future of weather extremes ever more urgent. A socio-economic analysis from Ramboll and Rebuild By Design finds the city can expect a two-to-one return on its investments under the right conditions.
- For every $1 invested in a BGI Network design to the 10-year storm in 2050 New York City makes $2.09 in return.
- For a 10-year design storm the total cost of the upscaled BGI Network in present values amounts to 23,500 million USD. In the upscaled BGI Network the total avoided annual damages amounts to 15,000 million USD. The total present value of the co-benefits upscaled citywide is estimated to 19,500 million USD.
- By implementing blue-green infrastructure in NYC, DEP will save 20% on upgrading existing sewer to future service level
- 151,000 new trees could be planted in New York City with a positive Blue-Green Infrastructure business case.
- City-wide Blue-Green Infrastructure is feasible up to a future 50-year design storm in NYC.
- Blue-Green Infrastructure in NYC is most feasible when implemented in parks, plazas, and public housing.
- Co-benefits are essential to the business case of Blue-Green Infrastructure in NYC. To accommodate social vulnerability, it is essential not only to do risk analysis and following Business cases for cost loss as the consequence.
Want to know more?
Christian Nyerup Nielsen
Global Division Director
+45 51 61 62 77
Trine Stausgaard Munk
Head of Sustainability, Ramboll Water