Examining strategies to manage climate risks of PPP infrastructure projects

Tackling climate change in the public-private partnership (PPP) infrastructure sector requires radical transformation of projects to make them resilient against climate risks and free from excessive carbon emissions. Types of PPP infrastructure such as transport, power plants, hospitals, schools and residential buildings experience more than 30% of global climate change risks. Therefore, this study aims to examine the interrelationships between the climate risk management strategies in PPP infrastructure projects. The first step in conducting this research was to identify the strategies through a comprehensive literature review. The second step was data collection from 147 PPP stakeholders with a questionnaire. The third step was analysing the interrelationships between the strategies using a partial least square-structural equation model approach. The findings include green procurement, defined climate-resilient contract award criteria, the identification of climate-conscious projects and feasible contract management strategies. The results provide understanding of actionable measures to counter climate risks and they encourage PPP stakeholders to develop and promote climate-friendly strategies to mitigate climate crises in the PPP sector. The results also serve as foundational information for future studies to investigate climate change risk management strategies in PPP research.