Policy Brief: Developing Climate-Resilient Infrastructure in Peru

Extreme weather events in Peru interrupt public services and damage commercial and residential infrastructure, which in turn increase operating and maintenance costs, reduce revenues, and can decrease the service-life of infrastructure assets. Private infrastructure developers, banks, insurance companies, government agencies, and other infrastructure stakeholders have begun to consider climate impacts because they pose substantial operational, financial, reputational, and managerial risks. However, overcoming such risks poses many challenges, including climate resilience integration, and the need to address limited awareness of climate-related impacts and how to mitigate them.