Are you investing enough in addressing the climate change risks to your assets?
The World Bank is a major financer of infrastructure and other development projects, providing some US$59 billion in funding to developing countries in 2016-17. Climate change is an acute threat to global development and efforts to end poverty. Without urgent action, climate change impacts could push an additional 100 million people into poverty by 2030. The World Bank has a goal of investing 28% of its financing into activities which address climate change—over US$ 15 billion a year. Climate resilient infrastructure will play a key role in this goal. The presentation will share experiences from the World Bank projects on how to use asset management to make more climate resilient infrastructure.
Chris Bennett is a Lead Transport Specialist for the World Bank and the Advisor for the transport sector on addressing environmental, social, health and safety (ESHS) issues. As ‘Cluster Leader’ for the Pacific Islands, Chris oversees a portfolio of over 25 aviation, land and maritime projects in nine countries. Addressing the challenges of climate change is a key consideration, and Chris has led key initiatives on integrating climate change into asset management decisions, as well as how to address climate change risk in performance based contracting. As ESHS Advisor, he is helping to minimise the negative social and environmental consequences from projects.