Sustainability analysts Asia Research and Engagement, released a the report “Climate Costs for Asia Pacific Ports”, noting that in order to protect the port of Asia-Pacific, the cost could reach up to US$49 billion.
The report considers the climate risk of 53 of the Asia Pacific region’s largest ports and estimates costs for adaptation. It also provides suggestions to anyone involved in these ports, on how to manage risk in the future.
[smlsubform prepend=”GET THE SAFETY4SEA IN YOUR INBOX!” showname=false emailtxt=”” emailholder=”Enter your email address” showsubmit=true submittxt=”Submit” jsthanks=false thankyou=”Thank you for subscribing to our mailing list”]
Taking into consideration ports in Japan, China and Hong Kong, Taiwan, Singapore, Australia, India, South Korea and Malaysia, the report concludes in a low case cost of around US$30.9 billion and a high case cost of around US$49.4 billion.
Japan’s Kitakyushu is at risk of facing the highest costs at US$4.9 billion, while five of the region’s 10 largest ports can face adaptation bills of over $1 billion.
Furthermore, the report highlights the importance of new infrastructure, such as One Belt, One Road projects, calling to make sure that they have climate projections and long-term capital plans to avoid facing high costs.
Read the full report in the PDF below
