Gajanayake, A and Iyer-Raniga, U (2022) Infrastructure financing for climate change adaptation in Australia: Practitioners' perspectives. Construction Economics and Building, 22(4), pp. 1-16. ISSN 2204-9029
Abstract
With increased climate-related risks and natural disasters, impacts on infrastructure assets are intensifying. As the need for adaptation actions increase, how finance is used to enable adaptation plays a vital role in the resilience of infrastructure. This research aims to understand how infrastructure adaptation measures are carried out, focusing on how financing is used to aid such efforts. Exploratory interviews with infrastructure and finance practitioners from a broad range of organisations were conducted to understand the dynamics of how infrastructure adaptation occurs. The findings reveal that infrastructure agencies conduct adaptation activities to maintain the serviceability of assets under climate change risks, with most climate financing targeting mitigation rather than adaptation. Most actions are taken at individual asset or agency level with little collaboration across agencies and sectors. The results illustrate a need for a more holistic, systems-level approach to adaptation across the infrastructure sector in Australia.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | climate change; collaboration; financing; Australia; natural disaster; interview |
| Index terms: | Australia, adaptation, infrastructure financing, natural disaster, interview, financing, climate change, agency, infrastructure sector, practitioner, mitigation, dynamics, collaboration |
| Subjects: | practitioner, climate science, user focus, data collection methods, economic analysis, financial risk, Geography, management, systems engineering, environmental hazards, industry analysis, sociology |
| Topics: | Roles and Professions, Sustainability, Cost Management, Business Strategy, Engineering Principles, Geographical Context, Research Practice, Organizational Design, Design Practice |
| Descriptive scope: | 4 PCTE |
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