New Mitigation Policy: Ecosystem Services Benefits
Hi Mitigation and Recovery Colleagues –
I am pleased to share a new policy – FP-108-024-02: Ecosystem Service Benefits in Benefit-Cost Analysis for FEMA’s Mitigation Programs Policy – that allows for ecosystem service benefits to be included in a mitigation project’s Benefit Cost Analysis (BCA) regardless of the Benefit-Cost Ratio (BCR). Previous policy limited the use of these benefits to projects meeting a .75 BCR.
With this new policy, ecosystem service benefits can be used for all project types eligible under the Hazard Mitigation Assistance (HMA) and PA 406 mitigation programs that support the incorporation of ecosystem service benefits and result in the improvement of the natural environment. As the BRIC application period opens today, applicants will be able to take advantage of the new policy.
I am hopeful that this new policy will encourage more nature-based solutions to be included in mitigation projects by removing barriers for the use of ecosystem service benefits in a project.
We will be releasing a fact sheet in the next few days, but in the meantime, please direct any questions on this new policy to firstname.lastname@example.org You can find the policy on the main HMA policy webpage here.
Katherine B. Fox
Assistant Administrator for Mitigation
Mitigation Directorate | Federal Insurance Mitigation Administration | Resilience
Phone: (202) 646-1046
email@example.com | Pronouns: she/her/hers
Federal Emergency Management Agency