Framework for estimating cost of infrastructure adaptation to climate change

H. Lee, T. Park, H. Jeong, Hyoungkwan Kim

Research output: Contribution to conferencePaper

2 Citations (Scopus)

Abstract

Recently, the effects of global climate changes have become top concerns for governments' decision making regarding infrastructure investments. Extreme weather events that exceed the capacity of existing systems have considerably increased in frequency, and the potential effects of changing trends in temperature and rainfall on infrastructure are difficult to ignore. It is essential for governments to estimate the costs and benefits of adaptation to climate change to properly assess the financial feasibility of infrastructure adaptation strategies. This paper proposes a framework for estimating the economic aspects of infrastructure adaptation to climate change. The framework is composed of three steps of implementation: establishment of alternatives for infrastructure adaptation, performance prediction of infrastructure using future climate scenarios, and asset valuation based on costs and benefits. The first step specifies target assets, their adaptability to climate change, and applicable adaptation technologies. The second step evaluates the effects of climate change on the performance of infrastructure. The last step determines the optimal adaptation strategies among various alternatives based on their net benefits. The framework reasonably incorporates future climate scenarios into the estimation processes for climate change effects and provides a basis for budget allocation for governmental infrastructure investments. The framework is expected to assist government decision makers in establishing adaptation strategies in a rational manner under uncertain future climate change.

Original languageEnglish
Pages548-554
Number of pages7
Publication statusPublished - 2013 Dec 1
Event30th International Symposium on Automation and Robotics in Construction and Mining, ISARC 2013, Held in Conjunction with the 23rd World Mining Congress - Montreal, QC, Canada
Duration: 2013 Aug 112013 Aug 15

Other

Other30th International Symposium on Automation and Robotics in Construction and Mining, ISARC 2013, Held in Conjunction with the 23rd World Mining Congress
CountryCanada
CityMontreal, QC
Period13/8/1113/8/15

Fingerprint

Cost estimating
Climate change
infrastructure
climate change
cost
climate
Rain
Costs
valuation
global climate
Decision making
decision making
Economics
weather
rainfall
effect

All Science Journal Classification (ASJC) codes

  • Artificial Intelligence
  • Human-Computer Interaction
  • Geotechnical Engineering and Engineering Geology
  • Civil and Structural Engineering

Cite this

Lee, H., Park, T., Jeong, H., & Kim, H. (2013). Framework for estimating cost of infrastructure adaptation to climate change. 548-554. Paper presented at 30th International Symposium on Automation and Robotics in Construction and Mining, ISARC 2013, Held in Conjunction with the 23rd World Mining Congress, Montreal, QC, Canada.
Lee, H. ; Park, T. ; Jeong, H. ; Kim, Hyoungkwan. / Framework for estimating cost of infrastructure adaptation to climate change. Paper presented at 30th International Symposium on Automation and Robotics in Construction and Mining, ISARC 2013, Held in Conjunction with the 23rd World Mining Congress, Montreal, QC, Canada.7 p.
@conference{4974e097ebf14ce5a304f78efed1c8ff,
title = "Framework for estimating cost of infrastructure adaptation to climate change",
abstract = "Recently, the effects of global climate changes have become top concerns for governments' decision making regarding infrastructure investments. Extreme weather events that exceed the capacity of existing systems have considerably increased in frequency, and the potential effects of changing trends in temperature and rainfall on infrastructure are difficult to ignore. It is essential for governments to estimate the costs and benefits of adaptation to climate change to properly assess the financial feasibility of infrastructure adaptation strategies. This paper proposes a framework for estimating the economic aspects of infrastructure adaptation to climate change. The framework is composed of three steps of implementation: establishment of alternatives for infrastructure adaptation, performance prediction of infrastructure using future climate scenarios, and asset valuation based on costs and benefits. The first step specifies target assets, their adaptability to climate change, and applicable adaptation technologies. The second step evaluates the effects of climate change on the performance of infrastructure. The last step determines the optimal adaptation strategies among various alternatives based on their net benefits. The framework reasonably incorporates future climate scenarios into the estimation processes for climate change effects and provides a basis for budget allocation for governmental infrastructure investments. The framework is expected to assist government decision makers in establishing adaptation strategies in a rational manner under uncertain future climate change.",
author = "H. Lee and T. Park and H. Jeong and Hyoungkwan Kim",
year = "2013",
month = "12",
day = "1",
language = "English",
pages = "548--554",
note = "30th International Symposium on Automation and Robotics in Construction and Mining, ISARC 2013, Held in Conjunction with the 23rd World Mining Congress ; Conference date: 11-08-2013 Through 15-08-2013",

}

Lee, H, Park, T, Jeong, H & Kim, H 2013, 'Framework for estimating cost of infrastructure adaptation to climate change' Paper presented at 30th International Symposium on Automation and Robotics in Construction and Mining, ISARC 2013, Held in Conjunction with the 23rd World Mining Congress, Montreal, QC, Canada, 13/8/11 - 13/8/15, pp. 548-554.

Framework for estimating cost of infrastructure adaptation to climate change. / Lee, H.; Park, T.; Jeong, H.; Kim, Hyoungkwan.

2013. 548-554 Paper presented at 30th International Symposium on Automation and Robotics in Construction and Mining, ISARC 2013, Held in Conjunction with the 23rd World Mining Congress, Montreal, QC, Canada.

Research output: Contribution to conferencePaper

TY - CONF

T1 - Framework for estimating cost of infrastructure adaptation to climate change

AU - Lee, H.

AU - Park, T.

AU - Jeong, H.

AU - Kim, Hyoungkwan

PY - 2013/12/1

Y1 - 2013/12/1

N2 - Recently, the effects of global climate changes have become top concerns for governments' decision making regarding infrastructure investments. Extreme weather events that exceed the capacity of existing systems have considerably increased in frequency, and the potential effects of changing trends in temperature and rainfall on infrastructure are difficult to ignore. It is essential for governments to estimate the costs and benefits of adaptation to climate change to properly assess the financial feasibility of infrastructure adaptation strategies. This paper proposes a framework for estimating the economic aspects of infrastructure adaptation to climate change. The framework is composed of three steps of implementation: establishment of alternatives for infrastructure adaptation, performance prediction of infrastructure using future climate scenarios, and asset valuation based on costs and benefits. The first step specifies target assets, their adaptability to climate change, and applicable adaptation technologies. The second step evaluates the effects of climate change on the performance of infrastructure. The last step determines the optimal adaptation strategies among various alternatives based on their net benefits. The framework reasonably incorporates future climate scenarios into the estimation processes for climate change effects and provides a basis for budget allocation for governmental infrastructure investments. The framework is expected to assist government decision makers in establishing adaptation strategies in a rational manner under uncertain future climate change.

AB - Recently, the effects of global climate changes have become top concerns for governments' decision making regarding infrastructure investments. Extreme weather events that exceed the capacity of existing systems have considerably increased in frequency, and the potential effects of changing trends in temperature and rainfall on infrastructure are difficult to ignore. It is essential for governments to estimate the costs and benefits of adaptation to climate change to properly assess the financial feasibility of infrastructure adaptation strategies. This paper proposes a framework for estimating the economic aspects of infrastructure adaptation to climate change. The framework is composed of three steps of implementation: establishment of alternatives for infrastructure adaptation, performance prediction of infrastructure using future climate scenarios, and asset valuation based on costs and benefits. The first step specifies target assets, their adaptability to climate change, and applicable adaptation technologies. The second step evaluates the effects of climate change on the performance of infrastructure. The last step determines the optimal adaptation strategies among various alternatives based on their net benefits. The framework reasonably incorporates future climate scenarios into the estimation processes for climate change effects and provides a basis for budget allocation for governmental infrastructure investments. The framework is expected to assist government decision makers in establishing adaptation strategies in a rational manner under uncertain future climate change.

UR - http://www.scopus.com/inward/record.url?scp=84893577481&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84893577481&partnerID=8YFLogxK

M3 - Paper

SP - 548

EP - 554

ER -

Lee H, Park T, Jeong H, Kim H. Framework for estimating cost of infrastructure adaptation to climate change. 2013. Paper presented at 30th International Symposium on Automation and Robotics in Construction and Mining, ISARC 2013, Held in Conjunction with the 23rd World Mining Congress, Montreal, QC, Canada.