
The value of the investments needed to adapt ports
new challenges is between 223 and 768 billion
of dollars only for the adaptation of port calls
rising sea levels due to the effects of the
climate change. This is estimated by the American banking institution
JPMorgan Chase & Co. taking over how the ports, with a trade
which is set to double by 2050,
will need to expand and improve efficiency to handle volumes of
traffic and mitigate risks to both infrastructure and
climate-related economic stability.
The analysis, by Sarah B. Kapnick, Head of Climate
J.P. Morgan's Advisory Reports That Ports Must Address
also the challenges of decarbonisation, uncertainties
geopolitical and the opening of new Arctic trade routes. The
The document explains that ports are exposed, among other things, to different
risks deriving from natural phenomena, some with a high
probability of occurring annually such as hurricanes, hurricanes,
typhoons, floods and droughts and others with low
probabilities such as earthquakes. For these natural hazards, the
average value of their impact is estimated at around 7.6 billion
per year and between $4.0 billion and $17.4 billion,
figures referring to damage to port infrastructure,
based on historical data and do not take into account the value of goods
which could be damaged, by losses due to
disruption of trade or climate change.
Regarding the impact on port infrastructure
sea level rise due to changing
climate, the document recalls that it is expected that this increase in
will be up to 40 centimeters between 2020 and 2050 throughout the
world compared to an increase of 20 centimeters that occurred since the nineteenth century
century to the present day and that by 2100 a rise in the
sea level up to 2-7 meters in case of acceleration of the
melting glaciers.
The analysis also examines the planning adopted by the
to mitigate the impact of climate change on their
infrastructure, with currently 89% of the world's most
(31 out of 35) who are developing specific plans and with 66%
of these (23 out of 35) who are developing plans for adaptation to the
climate change. The paper notes that since they are large
infrastructure, ports have a planning and development phase
of about a decade, before a useful life
the effect of the measures envisaged by the plan (over and over
50 years). Therefore, a port that begins today the phases of
will have implemented all the measures envisaged by the
plan in the mid-30s and will be fully
operational until 2070 or beyond. The analysis notes that, given these
time scales, sea level rise and changes
due to extreme weather and climate events are inevitable
and increasingly require adequate planning as they
that their impacts materialize.
The document also briefly examines the process of
decarbonisation of economic and social activities that
also concerns the ports which, in this area, are currently aiming
mainly on the electrification of port infrastructure, and
on the supply of new environmentally friendly fuels to ships.