Climate Change and Asset Management

2019 – Asset Management BC

For many asset intensive services, climate change makes it more difficult to deliver desired levels of service. It amplifies risk and increases costs required to manage these risks. The greatest impacts are to transportation systems, buildings, water management systems, and marine infrastructure. These assets represent the majority of local government infrastructure assets.

Climate change will also impact natural assets, which play a critical role in service delivery for all communities. Wetlands, creeks, deltas, foreshore areas, forests, groundwater aquifers, and other natural assets are all vulnerable to the effects of climate change. However, these natural assets can also provide opportunities to increase community resilience to the impacts of climate change and carbon
storage to mitigate changing climate.

This primer has been written for staff of local governments. It introduces an approach for integrating climate change considerations throughout the asset management process. It provides an overview of the following topics:

• Key concepts
• Why integrate climate change response with asset management
• How to integrate climate change response throughout the AM process

This primer is a companion document to Asset Management for Sustainable Service Delivery, A BC Framework and builds on concepts from the Framework.

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