Abstract
Team members from I2UD collaborated with the Lincoln Institute of Land Policy from 2015 through 2019 to produce a research paper that explores how land value capture can finance green resilient infrastructure (GRI) in rapidly urbanizing, climate-vulnerable cities, using a flood-mitigation river project in Santiago de Cali, Colombia as a case study.
This research provides evidence that green resilient infrastructure (GRI) can measurably increase land values—even in flood-prone, low-income urban areas—creating a real financial basis for climate adaptation. By showing that most of the land value uplift comes from green amenities rather than flood control alone, it demonstrates that well-designed GRI can both reduce climate risk and generate revenue that cities could recapture to fund resilience. However, without stronger institutional capacity and safeguards against displacement, land value capture for climate adaptation risks reinforcing inequality rather than financing equitable resilience.
| Project Year: | 2015-2019 |
| Project Type: | Research and Policy Discussion |
| Geographic Regions: | Cali, Colombia |
| Reports: | Exploring the Use of Land Value Capture Instruments for Green Resilient Infrastructure Benefits (Working Paper, July 2019) |
| Authors: | Stelios Grafakos; Alexandra Tsatsou; Luca D’Acci; James Kostaras; Adriana Patricia López Valencia; Nohemi Ramirez Aranda; Barbara Summers |
| Sponsors: | Lincoln Institute of Land Policy |
| Categories: | Climate Change and Resilience Building |
| ID: | 2015_10_001 |
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