This report is part of a series of research papers that explore the broad strategies that infrastructure asset owners can take to reduce the transition and physical risks associated with climate change, with each paper covering a specific sub-sector of infrastructure.

This paper presents a literature review and assessment of key strategies to decarbonise transport assets and to increase their resilience to physical climate risks. Using case studies we quantify the decarbonisation potential of transition risk mitigation strategies, and damage reduction for physical risk mitigation strategies, as well as their associated costs to highlight which strategies might be applicable for making the transport sector resilient to the effects of climate change.

This information is intended to be used by asset owners to assess, at a high level, what strategies might enable them to protect their asset portfolios against climate-related losses in the future. Whilst not intended as a replacement for asset-specific studies it is essential for investors to know so that they can plan capex and opex spend, manage risks and make better-informed investment decisions.

Paper published in collaboration with Rob Arnold, Sustainability Research Director, EDHEC-Risk Climate Impact Institute, and Conor Hubert, Sustainability Research Engineer, EDHEC-Risk Climate Impact Institute.