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A business view on climate change
For transport businesses that offer a lower carbon footprint than others, the opportunity may well provide a stronger market position than higher carbon footprint businesses. The cost of carbon being added to the business financial ledger gives advantage to the low carbon transport business. At the same time, demand for these services is likely to increase as community and government alike favour the transport systems that these businesses provide. The 2008 world financial crisis has shifted thinking in investment agencies to a more cautious approach to investments compared with previous decades. Transport systems that meet sustainability criteria are being considered more favourably for investments due to their greater certainty and therefore prospects of stability (Rubinstein, 2008). Where a rail business incorporates climate change effects in its advance business planning, a better managed cost of change and opportunity to adjust to demand changes would be expected to lower the risks significantly. With large, long-term investments in the transport system, failure to align the effects of climate change places the revenue streams for these businesses at risk. The community confidence in the rail business is also at risk when demand exceeds capacity or service quality falls below customer expectations. This can lead to wider effects for communities, with increased congestion and social exclusion. When community concerns are significant enough, governments themselves as the overarching responsible stakeholder, are also at political risk in the next election cycle.”

 

Question 1-  In this delivery stage of infrastructure systems, consider how the principles in the blog by Sjon van 't Hof and “Wicked Solutions”.

 

Question 2.
This first case study shows the role of master planning when it comes to picking where to spatially locate infrastructure, the role of transit-orientated development in arranging transport and land use to achieve sustainability outcomes Discuss.

 

Question 3
Take a look at this cross section of recent research into this challenge. Discuss, the concepts of hazards, vulnerability and adaptive capacity in Mehrotra et al., 2011 together with the capacity of cities to respond and opportunities for future proofing by reading the summaries in Sections 3 and 4 Godfrey et al., 2012.


Question 4- Think about these two perspectives above and discuss them. What does the vulnerability of sustainability strategies mean for these businesses? 


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