Managing climate-induced risks on Indian infrastructure assets
Infrastructure assets are exposed to natural weather conditions and face challenges due to increased frequency and variability of climate-induced natural disasters. Infrastructure has a pivotal role to play in development and therefore, the large investments planned for future have to be protected against climate induced risks. These span beyond physical risks as strict mitigation regimes could jeopardize their profitability and even future existence. The integrated climate change risk management framework for infrastructures presented here includes market and policy induced enforcements and adaptation strategies. The key to managing risks lies in identifying them and initiating appropriate risk management and adaptation initiatives.