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Climate change poses a significant threat to infrastructure, with rising sea levels, extreme weather phenomena, and escalating temperatures posing substantial physical risks. These hazards can lead to the degradation of crucial infrastructure assets, undermining social, economic, and environmental stability. Recent analysis by EDHECInfra, as featured in the Global Infrastructure Hub's Infrastructure Monitor report, underscores the scale of the situation. Projections based on current climate and policy scenarios indicate that by 2050, infrastructure assets could see a net value decline of 4.4% on average, and up to 26.7% in the most severe scenarios. This depreciation is a direct consequence of the lack of resilience of global infrastructure to the effects of climate change. The consequences of inaction are far-reaching, affecting not just the financial performance of assets, but also the economic, environmental, and social fabric of communities worldwide. One promising strategy to mitigate these risks involves the adoption of a systemic resilience metrics (SRM) framework tailored specifically to infrastructure.

Ahead of Climate Week NYC and the United Nations SDG Summit, both taking place this September in New York City, the GI Hub is publishing interviews with public and private sector leaders working at the municipal, state, national, and global levels – bringing you their thoughts on the importance of infrastructure in the climate transition. In this Q&A, John and Nivardo share how the FY2024 New York State Budget is accelerating investment in infrastructure toward climate targets and social equity.

How sustainable infrastructure is a key enabler of the transition to a low-carbon economy and an important driver of resilient, inclusive growth

Infrastructure is key to achieving fair and sustainable economic growth and climate targets. Three trends to stimulate the private sector to fund the large-scale change to enable infrastructure to reach its climate and development potential