Coming ready or not: managing climate risks to Australia's infrastructure
Olivia Kember, Christopher R. Watts
Abstract
Olivia Kember, Christopher R. Watts
Abstract
This report synthesises recent research on the physical impacts and flow-on consequences of climate change. It analyses preparations for climate change impacts in Australia amongst owners and operators of major infrastructure assets, focusing on property, electricity, road and rail, and finance. Activity in the water sector is briefly examined to highlight contrasting approaches. The report focuses on infrastructure because it is a critical enabler for activity across all sectors of the economy, and because its exposure to climate change puts other parts of society at risk. Infrastructure sectors are interdependent; when one is damaged others may be impaired. Climate impacts to infrastructure cascade through the economy and are felt throughout the community.
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This report synthesises recent research on the physical impacts and flow-on consequences of climate change. It analyses preparations for climate change impacts in Australia amongst owners and operators of major infrastructure assets, focusing on property, electricity, road and rail, and finance. Activity in the water sector is briefly examined to highlight contrasting approaches. The report focuses on infrastructure because it is a critical enabler for activity across all sectors of the economy, and because its exposure to climate change puts other parts of society at risk. Infrastructure sectors are interdependent; when one is damaged others may be impaired. Climate impacts to infrastructure cascade through the economy and are felt throughout the community.
Key concepts: Critical infrastructure, Climate change, Business, Enabling, Interdependence, Water infrastructure, Natural resource economics, Urban infrastructure