Resilience of large investments and critical infrastructures in Europe to climate change
Critical infrastructures refer to the array of physical assets, functions and systems that are vital for ensuring the EU’s health, wealth, and security. Ensuring climate resilience of critical infrastructures and EU regional investments and measures is an important component of EU policies and funding mechanisms. Information on the resilience of critical infrastructures and large investments to climate change, however, is staggeringly lacking in literature. The CCMFF project aim was to fill this gap by providing insight on current and future impacts of climate extremes on the present stock of... critical infrastructures in Europe and on regional investments under the EU Cohesion Policy for the 2007-2013 programming period. The project performed the first comprehensive multi-hazard multi-sector risk assessment for Europe under climate change to identify the most vulnerable and impacted regions in Europe throughout the 21st century. The methodology applied integrates a set of coherent, high-resolution climate hazard projections, a detailed harmonized representation of sectorial physical assets, productive systems and investments, and estimates of their sensitivity based on surveyed expert opinion and literature review. The three components are linked with recorded climate disaster damages in order to derive quantitative estimates of risk under current and future climate conditions. Costs required to make infrastructures and investments climate resilient are evaluated based on possible avoided damage scenarios and cost-benefit information derived from literature.