University of Colorado

This project examines community perceptions and decisions about climate science, economics, and policies associated with resilience strategies that address increasing water scarcity in the Southwest. Strategies to be evaluated include: investments in built infrastructure (e.g., reservoirs and pipelines); incentive-based risk-sharing agreements; and watershed ecosystem services. The project emphasizes how ecosystem services can buffer water impacts of climate change, as well as the potential for climate mitigation as a strategy to enhance water supply security. Project outputs will include a replicable method for co-producing resilient water-related climate adaptation and mitigation strategies, including scientific and economic evaluation. Potential outcomes include improved water supply reliability and cooperation on adapting to shortages for a regional economy that exceeds $3 trillion annually.

Persistent drought and climate change affect water and energy costs, and hence choices made by farms, cities and industrial water and energy users, as well as energy and water providers’ operations. This project examines potential climate change and variability adaptation strategies related to water and energy in the Colorado River and Rio Grande Basins, including northwestern Mexico. Researchers are investigating how climate influences the market price of water and developing a menu of water and energy supply reliability tools with guidelines for using these tools.