A revolution in the planning, design, financing, and delivery of infrastructure is urgently needed to meet the acute needs of our warming world.
Climate risk is affecting infrastructure development strategies and investments worldwide. Rising temperatures, changes in rainfall patterns and intensity, and the increasing frequency of extreme weather events are leading to losses in asset values, higher operating costs and reductions in the economic benefits that infrastructure generates.
Yet investing in climate-resilient infrastructure is critical to adapting to a warming world. The large amounts that are already being spent on post-coronavirus disease (COVID-19) fiscal stimuli provide an unprecedented opportunity to transform investment in, and the delivery of, resilient infrastructure systems. However, with governments under particular financial pressure, it is crucial that investments are sustainable.