blog.worldbank

Every other month the news seems to flash images of extreme weather – disastrous heat waves, floods of biblical proportions, and epic storms.  On the rise as a result of a changing climate, these weather events can cause a myriad of damages and put the world’s critical infrastructure at risk. This costs money. The devastating 2010 floods in Pakistan caused close to $2 billion in damages to physical infrastructure, according to World Bank estimates. And Hurricane Sandy wreaked $1.13 billion in damages on New York City’s infrastructure alone (New Jersey and other parts of New York State saw significant damages as well).

Examples like these are endless.

Alongside these increasing climatic risks to the world’s existing infrastructure assets, the fact remains that many countries desperately need more and better infrastructure. This is particularly true for developing countries.  To meet the future infrastructure demands of these economies would require investment of at least an estimated additional $1 trillion a year through 2020. Tiếp tục đọc “How to protect infrastructure from a changing climate” →