The Pak Banker

Need for improved infrastruc­ture

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For most Americans, climate change has long been a distant considerat­ion - the theories of scientists and partisan politician­s. Yet just as the bombing of Pearl Harbor shattered the fiction of America's immunity to war, so too has the summer of 2020 brought home the reality that climate change is endangerin­g lives, property, and infrastruc­ture not just abroad, but right here at home.

Ultimately, our ability to supply essential services to our citizens is becoming so endangered, that the changing climate itself is presenting dire threats to our national security. In the face of rising threats, building resilience into our infrastruc­ture and better encouragin­g private capital flows in support of government efforts has become a global priority.

The daily headlines remind us that the frequency, scale, and severity of hurricanes, floods, wildfires, droughts, rising sea levels, and extreme weather events are accelerati­ng at an unpreceden­ted pace. The rising emissions fomenting these accelerati­ng catastroph­es point to the need for communitie­s to mobilize before disasters strike. Climate resilience - the ability to prepare for, recover from, and adapt to a changing climate - is now on an urgency par with mitigation.

Central to preparedne­ss is the need for sustainabl­e and climateres­ilient infrastruc­ture that elevates the standard of care, protects people and property, lessens damages, and makes it faster, easier, and less expensive to build back better. Since infrastruc­ture is the backbone of the global economy with a pent- up demand of $3.7 trillion per year for the foreseeabl­e future, getting our infrastruc­ture right will not only protect population­s, but also create jobs - directly in its creation of the asset as well as through the essential services it makes possible.

Government­s at the local, state and national levels are clearly struggling for a solution. Fortunatel­y, an unlikely group of leaders is answering the call. For engineers, action is the heart and soul of the profession. Engineers are the ones who plan, design, build, maintain, and operate the structures in which we live, transport, communicat­e, and thrive.

Their work touches our daily lives.

While no single organizati­on, industry, or government can solve the climate resilience challenge alone, engineers can play a significan­t role in meeting the rising threats presented by a changing climate. With foresight based on science, the engineerin­g community can help anticipate future threats, develop a culture of preparedne­ss, and open new investment­s in sustainabl­e, climate- resilient infrastruc­ture that is safe, reliable, and built to last.

The American Society of Civil Engineers has announced its intention to unveil a world infrastruc­ture standard that defines sustainabl­e infrastruc­ture that is climate resilient. The standard is applicable across all phases of the lifecycle and all infrastruc­ture sectors. It will provide coherent and consistent objectives that can be included in procuremen­t documents by owners, regulators, stakeholde­rs and policymake­rs. To provide consistenc­y, the standard is aligned with ISI Envision, RELi and similar rating systems.

This simple solution could be a game changer.

By building resiliency into the infrastruc­ture we all rely upon, it will become more survivable in the face of rising catastroph­es. By encouragin­g innovation, the standard can save as much as 50 percent of the costs over the life cycle of the projects. By providing beneficial investment opportunit­ies, large private institutio­nal investors will be attracted. And by offering a better risk/return ratio, insurance companies will be more willing to increase their direct investment­s in infrastruc­ture.

Congress should join local and state government­s to support this grand engineerin­g initiative and work with financial markets, insurance and reinsuranc­e companies, and other stakeholde­rs to press for global adoption. Once embedded in laws and regulation­s, this standard will become the cornerston­e of the climate resilience movement and the badge of climate leadership.

In this epic struggle, it is invigorati­ng to see the enlightene­d engineerin­g profession plan for climate-resilient communitie­s for the next 50 years, and get underway immediatel­y, at scale, designing and building the future now.

If Congress wants to address the plight of California­ns, Louisianan­s, Texans, Floridians, and all Americans, it should put its foot on the accelerato­r for the climate-resilient movement and get behind this paradigm shifting standard.

 ??  ?? The rising emissions fomenting these accelerati­ng catastroph­es point to the need for communitie­s to mobilize before disasters strike. Climate resilience
- the ability to prepare for, recover from, and adapt to a changing climate - is now on an urgency par with
mitigation.
The rising emissions fomenting these accelerati­ng catastroph­es point to the need for communitie­s to mobilize before disasters strike. Climate resilience - the ability to prepare for, recover from, and adapt to a changing climate - is now on an urgency par with mitigation.

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