Climate-resilient communities and business start with building resilience in infrastructures such as roads, bridges and water treatment facilities. These infrastructures are designed and expected to provide service for many decades.
Each year infrastructures are facing increasing stress from population growth and climate change, and time is essential when improving the resilience of the world’s infrastructures, the report says.
Between 2015-2030, the world needs to invest US$90 trillion. Infrastructure investment is particularly urgent in rapidly growing cities in developing counties as the bulk of new infrastructure will be built in these countries. These countries are facing many challenges – addressing the growing threats of climate change, rapid urbanisation while addressing poverty and building their economies.
Developed economies also need to build a resilient infrastructure. For instance, damages from the three hurricanes that hit the US alone – Hurricanes Harvey, Maria, and Irma have caused the US $265 billion in infrastructure damages.
Investing in resilient infrastructures can increase the ability of cities and communities to bounce back and recover quickly from extreme events, protecting economic gains, public health and security, the report says.
Building resilient infrastructures involve many players – policymakers, planners, investors, industry representatives, engineers, disaster response professionals, and many others.
These seven strategies were extracted from the work of leaders from across many sectors and disciplines. The report says that these strategies “are fundamental concepts that should drive the design, funding, and building of climate-resilient infrastructure.
If broadly applied can produce robust and sustainable infrastructure, more cost-effective investments, and reliable services to our growing cities and populations.”
To read the whole report, click the link below:
Ready for Tomorrow: Seven Strategies for Climate-Resilient Infrastructure. (2019). Hoover Institution. Retrieved from https://climatefinanceadvisors.com/wp-content/uploads/2019/06/hill-ready-for-tomorrow-seven-strategies-for-climate-resilient-infrastructure_0.pdf