The majority of greenhouse gas (GHG) emissions today is associated with carbon-intense infrastructure construction and operation, particularly in the energy, public transport, water supply and sanitation sectors. At the same time, it is expected that economies will need to make significant investments over the next 10 - 15 years to build new or to rehabilitate ageing infrastructure to meet the global demand with emerging economies and developing countries accounting for roughly two thirds of global infrastructure investment.
Developing climate-smart, resilient infrastructure will be crucial to:
- Mitigate climate change, i.e. reduce GHG emissions;
- Increase the resilience of infrastructure assets to climate change, i.e., ensure that infrastructure is planned, designed, built and operated in a way that anticipates, prepares for and adapts to uncertain and potentially permanent effects of climate change (e.g. hydropower project that takes into account changes in average and extreme flows in the future, to ensure that financial models that stem from hydrological analyses are correct, or that spillways are correctly sized to avoid dam breaches);
- Ensure resilience through infrastructure, i.e. ensure that the new or improved infrastructure does not harm and delivers related benefits to wider systems, communities, households and individuals (e.g. sea barriers, flood protection).
To deliver climate-smart infrastructure solutions, private investment and expertise is essential, including sustainable infrastructure finance through public-private partnership (PPP) models.
The distinction between resilience of projects and resilience through projects is explained in more detail in:
- World Bank Group’s Action Plan on Climate Change Adaptation and Resilience, World Bank Group 2019
- Climate Resilience Principles – A framework for assessing climate resilience Investments, Climate Bonds Initiative September 2019
This section of the PPPLRC website provides links to policies, legislation, project documents and other resources that are relevant for developing, structuring and implementing climate-smart PPP projects.
- Climate-Smart PPP Legal and Regulatory Framework
- Preparing, Procuring and Implementing Climate-Smart PPPs
- Sector-Specific Content
- Further Reading and Resources