Integrating Climate Change Considerations into Asset Management

2021 ◽  
pp. 1-44
Author(s):  
Robert Kijak
Keyword(s):  
Climate Change ◽  
Asset Management

The Challenge of Geohazards in the Replacement of Hydrocarbon Pipelines

2015 ◽  
Author(s):  
Dario Zapata Posada ◽  
Jaime Hernan Aristizabal Ceballos
Keyword(s):  
Climate Change ◽  
Land Use ◽  
Asset Management ◽  
Vice President ◽  
Analytical Methodology

The effects of changes in land use and the effects of climate change have led to an increase in the morphodynamic processes that affect rights-of-way in Colombia. However, in view of the fact that these rights-of-way are considered to be the best possible routes in some areas in which the geological and geotechnical components are fairly complex, specialists are facing the challenge of establishing different perspectives for coexisting with the geohazards in these areas. This paper describes the analytical methodology implemented within Ecopetrol’s Office of the Vice President for Transportation and Logistics (VIT-Ecopetrol), in order to take this reality into account within the framework of proper asset management.

scholarly journals Asset management using a hybrid backcasting/forecasting approach

Facilities ◽  
2015 ◽  
Vol 33 (11/12) ◽  
pp. 701-715 ◽  
Author(s):  
Keith Jones ◽  
Api Desai ◽  
Mark Mulville ◽  
Aled Jones
Keyword(s):  
Climate Change ◽  
Conceptual Framework ◽  
Asset Management ◽  
Management Strategies ◽  
Management Plan ◽  
Adaptation To Climate Change ◽  
Content Type ◽  
Alternative Pathways ◽  
Future State ◽  
The Future

Purpose – The purpose of this paper is to present an alternative approach to facilities and built asset management adaptation planning to climate change based on a hybrid backcasting/forecasting model. Backcasting envisions a future state and examines alternative “pathways of approach” by looking backwards from the future state to the present day. Each pathway is examined in turn to identify interventions required for that pathway to achieve the future state. Each pathway is reviewed using forecasting tools and the most appropriate is selected. This paper describes the application of this approach to the integration of climate change adaptation plans into facilities and built asset management. Design/methodology/approach – The researchers worked with various stakeholders as part of a participatory research team to identify climate change adaptations that may be required to ensure the continued performance of a new educational building over its life cycle. The team identified 2020, 2040 and 2080 year end-goals and assessed alternative pathways of approach. The most appropriate pathways were integrated into the facilities and built asset management plan. Findings – The paper outlines a conceptual framework for formulating long term facilities and built asset management strategies to address adaptation to climate change. Research limitations/implications – The conceptual framework is validated by a single research case study, and further examples are needed to ensure validity of the approach in different facilities management contexts. Originality/value – This is the first paper to explore backcasting principles as part of facilities and built asset management planning.

scholarly journals Climate change adaptation in the management of public buildings: an Indonesian context

2019 ◽  
Vol 37 (2) ◽  
pp. 140-162
Author(s):  
Jose Arif Lukito ◽  
Connie Susilawati ◽  
Ashantha Goonetilleke
Keyword(s):  
Climate Change ◽  
Decision Making ◽  
Community Engagement ◽  
Climate Change Adaptation ◽  
Asset Management ◽  
Policy Development ◽  
Change Leadership ◽  
Public Buildings ◽  
Data Set ◽  
Content Type

PurposeThe purpose of this paper is to provide a strategy to integrate climate change adaptation (CCA) in public asset management (PAM) in Indonesia. This paper focusses on public buildings as part of a public asset.Design/methodology/approachAs an archipelagic country, Indonesia is very vulnerable to sea-level rise as a result of climate change. The outcomes of a qualitative analysis of interviews with relevant stakeholders were used for the development of the CCA framework in an Indonesian context.FindingsThe study identified that the integration of CCA in PAM in Indonesia requires the incorporation of nine key elements. These are as follows: recognition of climate change; risk management and insurance schemes for assets; integrated asset management and planning; asset use and knowledge; reliable, accessible and understandable data set on climate change; leadership, government commitment and incentives; involvement of research and private entities; community engagement; and coordination of relevant agencies.Research limitations/implicationsThis paper informed only the key elements required on the development of framework which integrate CCA in PAM.Practical implicationsThe integration of CCA to a PAM framework will support the development of policies and procedures for better-informed decisions.Social implicationsThe framework increases opportunities for stakeholders and community engagement in policy development and decision making in relation to CCA for public assets.Originality/valueThis paper synthesises CCA and PAM using knowledge from the three levels of governments in Australia and Indonesia. CCA and PAM groups work separately in Indonesia and integration will reduce climate change risks and improve decision making in PAM.

scholarly journals Potential advantages in combining smart and green infrastructure over silo approaches for future cities

2020 ◽  
Author(s):  
Yamuna Kaluarachchi
Keyword(s):  
Climate Change ◽  
Asset Management ◽  
Green Infrastructure ◽  
Extreme Weather ◽  
Economic Benefits ◽  
Extreme Weather Events ◽  
Published Data ◽  
Smart Technology ◽  
Climate Change Research ◽  
Health And Wellbeing

Abstract Cities are incorporating smart and green infrastructure components in their urban design policies, adapting existing and new infrastructure systems to integrate technological advances to mitigate extreme weather due to climate change. Research has illustrated that smart green infrastructure (SGI) provides not only climate change resilience but also many health and wellbeing benefits that improve the quality of life of citizens. With the growing demand for smart technology, a series of problems and challenges, including governance, privacy, and security, must be addressed. This paper explores the potential to transition from grey, green, or smart silos to work with nature-based solutions and smart technology to help change cities to achieve considerable environmental and socio-economic benefits. The concepts of grey, green, and smart infrastructure are presented, and the needs, benefits, and applications are investigated. Moreover, the advantages of using integrated smart, green nature-based solutions are discussed. A comprehensive literature review is undertaken with keyword searches, including journal papers, stakeholder and case study reports, and local authority action plans. The methodology adopts multimethod qualitative information review, including literature, case studies, expert interviews, and documentary analysis. Published data and information are analysed to capture the key concepts in implementing SGI systems, such as storm-water control, flood and coastal defense, urban waste management, transportation, recreation, and asset management. The paper investigates the elimination of silo approaches and the alleviation of the destructions caused by extreme weather events using these interdependent SGI systems supported by novel data-driven platforms to provide nature-based solutions to boost the health and wellbeing of the residents.

Climate Change and Asset Management

2020 ◽  
Vol 46 (3) ◽  
pp. 95-107 ◽  
Author(s):  
Sergio M. Focardi ◽  
Frank J. Fabozzi
Keyword(s):  
Climate Change ◽  
Asset Management

scholarly journals The value-added potential of climate services for real estate asset management

2021 ◽  
Author(s):  
Adriaan Perrels
Keyword(s):  
Climate Change ◽  
Risk Management ◽  
Real Estate ◽  
Asset Management ◽  
Housing Prices ◽  
Value Added ◽  
Financial Sector ◽  
Forest Damage ◽  
Real Estate Finance ◽  
Climate Services

<p>In recent years the financial sector has activated itself regarding the integration of climate change risks in its risk management. This is a slow process and the realization, that also physical risks engendered by climate change should be included, is even more recent (Hamaker-Taylor et al 2018). Within the segment of asset management, notably the management of real estate assets should have particular interest in climate change, as fossil free and efficient energy use, sustainable climate neutral building materials, and minimized exposure to climate change enhanced physical risks merit all sufficient attention. Overall asset oriented climate services will be an important segment (De Bruin et al 2020) This offers a significant scope for climate services for this segment within the financial sector, but both the financial sector as user and the suppliers of climate services are still very much in an exploratory stage of defining, ordering, providing, and using climate services, which are relevant for specific risk management issues within the financial sector (Keenan 2019).</p><p>The key issue for the real estate asset manager is how climate change would affect the value of its properties with and without adaptation measures, both as such, as well as in comparison to other property. Furthermore, the disclosure of hitherto not-disclosed risk information of assets will usually affect the prices of these assets, in comparison to similar not-exposed assets (Votsis and Perrels 2016). In this contribution we illustrate on the basis of Finnish cases under what conditions more information on climate change related risks (flooding; forest damage) could entail an economically viable climate service.</p><p><strong>References</strong></p><p>De Bruin, K., Hubert, R., Evain, J., Clapp, C., Stackpole Dahl, M., Bolt, J., Sillmann, J. (2020). Chapter 8: Physical Climate Risks and the Financial Sector—Synthesis of Investors’ Climate Information Needs, in Filho and Jacobs (eds), Handbook of Climate Services, Springer https://doi.org/10.1007/978-3-030-36875-3</p><p>Hamaker-Taylor, R. Perrels, A. Canevari, L., Nurmi, V., Rautio, T. Rycerz, A. Larosa, F. (2018). <em>Results of Explorations of the Climate Services Market for the Financial Sector</em>, EU-MACS Deliverable 2.1, 23.12.2018. http://eu-macs.eu/outputs/#</p><p>Keenan, J.J. (2019). <em>Climate Adaptation Finance and Investment in California</em>, Earthscan – Routledge, London/New York, ISBN: 978-0-429-39875-9 (ebk) / ISBN: 978-0-367-02607-3 (hbk)</p><p>Votsis, A., Perrels, A. (2016). Housing prices and the public disclosure of flood risk: a difference-in-differences analysis in Finland, Journal of Real Estate Finance and Economics, November 2016, Volume 53, Issue 4, pp 450–471, DOI 10.1007/s11146-015-9530-3</p>

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