Resilience to Climate Change as a variable in infrastructure planning and financing

WSP SPAIN IN COLLABORATION WITH THE INSTITUTE OF ENVIRONMENTAL HYDRAULICS OF CANTABRIA, HAS DEVELOPED FOR THE INTERNATIONAL FINANCE CORPORATION THE APPLICATION “CLIMATE RISK MANAGEMENT SCREENING TOOL.

The long period of useful life intrinsically associated with infrastructure, as well as its evident exposure to meteorological phenomena, means that the effects of climate change must now be considered as another variable in the planning and investment processes.

WSP Spain in collaboration with the Institute of Environmental Hydraulics of Cantabria, has developed for the International Finance Corporation the application “Climate Risk Management Screening Tool”, which allows to introduce variables related to climate change in the process of planning and investment of an infrastructure. In particular, specific modules for roads and airports have already been developed, and the one corresponding to railway infrastructures is under development, including specific analyzes of the subsystems of track superstructure, electrification, control, or inspection of rolling stock, among others.

The aforementioned application thus becomes a support tool for management and decision-making in early stages of infrastructure development, based on input data typical of these phases and evaluating the financial impact of actions associated with climate change. during the period of useful life of the infrastructure.

The impacts considered by the application are derived from climatic factors such as precipitation, wind intensity, tropical cyclones, temperature, waves, swells and sea level rise. The selection of these variables is based on several factors: existence of reliable climate information, existence of a well-founded relationship between them and climate change, and cause of significant effects on the analyzed infrastructure.

This new application of WSP Spain complements its broad spectrum of tools and methodologies for evaluation and planning of investments in transport infrastructure.