The Costs of Adapting to Climate Change for Infrastructure

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Description

An approach to estimating the costs of adapting to climate change is presented along with results for major components of infrastructure. The analysis separates the price/cost and quantity effects of climate change. The first component measures how climate change alters the cost of a baseline program of infrastructure development via changes in design standards and operating costs. The second component measures the effect of climate changes on the long-run demand for infrastructure. The results indicate that the price/cost element is usually less than 1 percent of baseline costs, while the quantity effect may be negative for many countries.

Ref: G. Hughes, P. Chinowsky and K. Strzepek, 2010. The Costs of Adapting to Climate Change for Infrastructure. Development and Climate Change Discussion Paper no. 2, World Bank

Reference information

Websites:

http://documents.worldbank.org/curated/en/327581468314998260/The-costs-of-adapting-to-climate-change-for-infrastructure

Source:

World Bank

Published in Climate-ADAPT: Jun 7, 2016

Date of publication:

2010

Keywords:

costs, infrastructure

Climate impacts:

Droughts, Flooding, Sea Level Rise, Water Scarcity

Adaptation Approaches:

Adaptation Measures and Actions

Sectors:

Buildings, Energy, Transport

Geographic characterisation:

Global

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