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The recent earthquakes in Southern California have highlighted the need for disaster planning for policymakers. National, state, and local stakeholders are increasingly concerned with the risks of climate change, aging infrastructure, and economic uncertainty. Mindful of these threats, resiliency analysis has become critical to the missions of federal, state, and regional agencies.
Resilience also highlights the connection between environmental policy and other policy priorities. A greater understanding of the economic consequences of environmental shifts requires that policymakers consider these impacts in diverse types of rulemaking. Rigorous environmental standards, environmental attainment goals, changing energy markets, and resilience to natural disasters are all now necessary lenses through which to view the long-term impact of any given policy.
REMI Economic Associate Cameron Luther and Economist Keith Waters, Ph.D. will be hosting a seminar entitled “Planning for Disaster: Resilience in Economic Forecasting” on Thursday, August 8th from 9:00 a.m. to 12:45 p.m. in Los Angeles, California that describes how to evaluate and quantify economic resilience in the energy, environmental, transportation, and public finance sectors.
We will be joined by Adam Rose, Ph.D. and Dan Wei, Ph.D., research fellows at the University of Southern California Center for Risk and Economic Analysis of Terrorism Events (CREATE). Their presentation will explore various resilience tactics that can be implemented by infrastructure providers and businesses to promote the continuity of their operations once disaster strikes.
This event also features the South Coast Air Quality Management District’s Economist and Program Supervisor Shah Dabirian, Ph.D. as he evaluates the macroeconomic impacts of the District’s air quality management plan and the regulations laid out within their improvement strategy.
Economic resilience is a vital component of resiliency analysis as it refers to an economy’s ability to withstand and appropriately respond to a disruption. After a disaster strikes, the focus is primarily on using remaining resources as efficiently as possible to maintain business operations and to recover at an accelerated pace. Additionally, there is an emphasis on “building-back better” in relation to repair and reconstruction of damaged property.
Metropolitan planning organizations and regional planning commissions prepare for disruptions caused by natural events such as hurricanes, wildfires, and earthquakes. Transportation departments evaluate risks posed to critical infrastructure, such as bridges and tunnels. Budget and revenue departments forecast the eventuality of a recession and budget shortfalls.
The elevation in the awareness and frequency of disasters provides more opportunities to prepare for devastation. Whether it is lobbying for grant funding, estimating the cost-effectiveness of resilience strategies, or calculating the impacts of a disaster to diverse stakeholders, economic modeling can enhance regional planning strategies as we advance toward the full incorporation of resilience.
This seminar includes presentations on the impact of resilience planning, descriptions of analyses completed using REMI’s economic modeling software, and the methodological approaches implemented.
If you would like to attend this event, please email Kendell Sweeney-Thomas at Kendell.Sweeney-Thomas@wp.remi.com, contact us by phone at (413) 549-1169, or click below to register.
REGISTER FOR THIS SEMINAR
AGENDA
Thursday, August 8th, 2019
9:00 am - 9:30 am
Coffee/Pastries/Networking
9:30 am - 10:00 am
Resiliency & Demonstrating the Value of Infrastructure Investments
Cameron Luther, Economic Associate, REMI
10:00 am - 10:30 am
Macroeconomic Impacts Assessment of South Coast Air Quality Management Plan
Shah Dabirian, Economist/Program Supervisor, South Coast Air Quality Management District
10:30 am - 11:00 am
REMI E3+: Resiliency Analysis of Energy/Environment/Economy
Keith Waters, Ph.D., Economist, REMI
11:00 am - 11:15 am
Networking Break
11:15 am - 11:45 am
Modeling Economic Resilience to Disasters
Adam Rose, Ph.D., Research Fellow, University of Southern California
& Dan Wei, Ph.D., Research Fellow, University of Southern California
11:45 am - 12:15 pm
Fiscal Resiliency Using Tax-PI
Cameron Luther, REMI
12:15 pm - 12:45 pm
Lunch
For your convenience, lunch is provided free of charge
12:45 pm
Adjourn
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SPEAKERS
VENUE
Hilton Checkers Los Angeles Hotel
Hilton Checkers Los Angeles Hotel
B1 Room
535 S. Grand Ave.
Los Angeles, CA 90071
Parking vouchers will be provided by our economists.



