HomeInfrastructure

CCRI targets climate resilience gap with new infrastructure asset guide

Views: 117
0 0
Read Time:2 Minute, 7 Second
CCRI targets climate resilience gap with new infrastructure asset guide

A new handbook has been released by the Coalition for Climate Resilient Investment (CCRI) and the UK consulting firm Mott MacDonald to help asset owners and investors better understand how vulnerable essential infrastructure is to climate hazards.

The Physical Climate Risk Assessment Methodology (PCRAM) provides tools for locating and evaluating the resilience of infrastructure assets. It was created to solve the resilience gap in finance.

The product, according to CCRI and Mott MacDonald, may also serve to encourage and scale up private sector engagement by amplifying the benefits of investing in climate resilient assets.

Advertisements

In fact, by giving consumers information on climate risk when considering options for risk transfer and insurance within financing, the project may ultimately prove helpful for assisting the rise of climate re/insurance.

According to Carlos Sanchez, Executive Director at CCRI, “CCRI produces rigorous analytical solutions that clearly demonstrate resilient investments are smart investments.”

Strong market forces are forcing the industry to better reward and enforce these integration practises, which creates possibilities for those who act quickly, the author continued. Without a more effective resource allocation strategy that prioritises climate resilient investments, it is unlikely that we will be able to prepare our communities for the decades to come.

PCRAM a new technique that is intended to give infrastructure owners and operators the means to evaluate physical climate risks to infrastructure and analyse their long-term influence on asset performance in order to increase the financial valuation of investments rather than reduce losses.

According to Denise Bower, Executive Director at Mott MacDonald, “We set out to establish a framework to enable public and private sector infrastructure investors to analyse their exposure to climate physical hazards, quantify this vulnerability, and improve their asset performance.”

“What we discovered is that resilience investments result in better outcomes, greater performance, less maintenance, and, most crucially, fewer negative effects on the communities that infrastructure serves.

“The private sector has a big hunger to invest in resilience,” continued Sanchez. The resources needed to make confident investments have so far been lacking. Our methodology examines certain infrastructure hazards and how they will impact the operation, maintenance, and life cycle of an asset. The money required to shield vulnerable communities from the effects of climate change may then be raised thanks to the compelling commercial case we can make for resilient investment.

Group Media Publication
Construction, Infrastructure and Mining   
General News Platforms – IHTLive.com
Entertainment News Platforms – https://anyflix.in/
Legal and Laws News Platforms – https://legalmatters.in/
Podcast Platforms – https://anyfm.in/

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published. Required fields are marked *