(1) annul the risk of climate extremes adversely impacting infrastructure.
(2) obliterate the need to develop contingency plans.
Despite all precautions (adaptation measures) climate extremes will continue
producing damage and disruption. However, the timely and proportionate infrastructure adaptation measures throughout the infrastructure network will produce a
beneficial effect on the economic resilience of the country. With a climate resilience
improvement, the country presents a more conducive environment for investing in
infrastructure.
An adaptation approach will be successful if it is:
(1) Effective: the decision and implementation has reduced vulnerability to climate
change.
(2) Efficient: the adaptation benefits exceed the costs.
(3) Equitable: the distributional consequences have been considered.
(4) Evidence-based: the decision has been taken on the basis of the latest research,
data and practical experience.
10.4 Approaches and Mechanisms to Support Climate
Resiliency
10.4.1 Approaches
Gradually, both governments and private sector stakeholders have come to understand that climate change entails some potential costs and the necessity for adaptation. This, however, presents broader opportunities and benefits that could be linked
to proactive measures. Some thoughts in the right direction have led people realise
that the adaptive capacity of various infrastructure is moulded by the way policies,
regulations and other market mechanisms back and encourage actions that build
climate resilience. There are four main action levers:
1. Current Government Policy Responses and Related Tools. This comprises
reviewing the status of adaptation support frameworks and funding.
2. Codes, Standards and Related Instruments (CSRIs). The extent to which
climate resiliency is integrated into national building and other codes and how
climate considerations are considered when planning infrastructure.
3. Markets, Financial Incentives and Liability Rules. The primordial role of the
private sector, particularly the insurance (and reinsurance) industry.
4. Industry Responses. How industry responds to broad sustainability challenges,
in consideration with adaptation and climate resilience actions.
10.4 Approaches and Mechanisms to Support Climate Resiliency
295
(2) obliterate the need to develop contingency plans.
Despite all precautions (adaptation measures) climate extremes will continue
producing damage and disruption. However, the timely and proportionate infrastructure adaptation measures throughout the infrastructure network will produce a
beneficial effect on the economic resilience of the country. With a climate resilience
improvement, the country presents a more conducive environment for investing in
infrastructure.
An adaptation approach will be successful if it is:
(1) Effective: the decision and implementation has reduced vulnerability to climate
change.
(2) Efficient: the adaptation benefits exceed the costs.
(3) Equitable: the distributional consequences have been considered.
(4) Evidence-based: the decision has been taken on the basis of the latest research,
data and practical experience.
10.4 Approaches and Mechanisms to Support Climate
Resiliency
10.4.1 Approaches
Gradually, both governments and private sector stakeholders have come to understand that climate change entails some potential costs and the necessity for adaptation. This, however, presents broader opportunities and benefits that could be linked
to proactive measures. Some thoughts in the right direction have led people realise
that the adaptive capacity of various infrastructure is moulded by the way policies,
regulations and other market mechanisms back and encourage actions that build
climate resilience. There are four main action levers:
1. Current Government Policy Responses and Related Tools. This comprises
reviewing the status of adaptation support frameworks and funding.
2. Codes, Standards and Related Instruments (CSRIs). The extent to which
climate resiliency is integrated into national building and other codes and how
climate considerations are considered when planning infrastructure.
3. Markets, Financial Incentives and Liability Rules. The primordial role of the
private sector, particularly the insurance (and reinsurance) industry.
4. Industry Responses. How industry responds to broad sustainability challenges,
in consideration with adaptation and climate resilience actions.
10.4 Approaches and Mechanisms to Support Climate Resiliency
295