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Climate Risk and Business: Ports

Climate Risk and Business: Ports

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Published by IFC Sustainability
Physical infrastructure at ports and port activities may be highly vulnerable to changes in climate. For instance, the risks could manifest through changes in the level or patterns of shipping, increased flooding affecting movements within ports and causing damage to goods stored, reduced navigability of access channels and business interruption. Some ports will also see opportunities as a result of climate change. A port’s reputation for reliability is key to its success, so ports that are more resilient to disruption from climate events should fare better. Changes in trade flows driven by climate change will also see winners and losers. To understand the significance of these risks for a given port, this study assesses risks and opportunities for ports in general, and specifically for IFC’s client, Terminal Marítimo Muelles el Bosque (MEB), in Cartagena, Colombia.
Physical infrastructure at ports and port activities may be highly vulnerable to changes in climate. For instance, the risks could manifest through changes in the level or patterns of shipping, increased flooding affecting movements within ports and causing damage to goods stored, reduced navigability of access channels and business interruption. Some ports will also see opportunities as a result of climate change. A port’s reputation for reliability is key to its success, so ports that are more resilient to disruption from climate events should fare better. Changes in trade flows driven by climate change will also see winners and losers. To understand the significance of these risks for a given port, this study assesses risks and opportunities for ports in general, and specifically for IFC’s client, Terminal Marítimo Muelles el Bosque (MEB), in Cartagena, Colombia.

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Published by: IFC Sustainability on Apr 20, 2011
Copyright:Attribution Non-commercial

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09/25/2014

 
CLIMATE RISK AND BUSINESS
PORTS
 
Terminal Marítimo Muelles el BosqueCartagena, Colombia
 
Acknowledgements
© 2011, International Finance Corporation
Authored by
Vladimir Stenek, International Finance CorporationJean-Christophe Amado, Richenda Connell and Olivia Palin, AcclimatiseStewart Wright, Ben Pope, John Hunter, James McGregor, Will Morganand Ben Stanley, WorleyParsonsRichard Washington and Diana Liverman, University o OxordHope Sherwin and Paul Kapelus, SynergyCarlos Andrade, EXOCOLJosé Daniel Pabón, Universidad Nacional de ColombiaThe authors wish to thank the owners, management and sta oTerminal Marítimo Muelles el Bosque (MEB) or their support andcooperation in this study, especially Gabriel Echavarría, AlbertoJimenez, Carlos Castaño Muñoz, Raael Zorrilla Salazar, Alan Duque,Humberto Angulo, Manuel Otálora Gomez, Andres Burgos, ElizabethPedroza Arias and Juan Casilla Vergara.The authors also wish to thank the ollowing institutions or theirvaluable contributions to the study:Alcaldía de Cartagena de Indias - Secretaría de Inraestructura; Centro deInvestigación de la Caña de Azúcar de Colombia (Cenicaña); Centro deInvestigaciones Oceanográfcas e Hidrográfcas de la Dirección GeneralMarítima (CIOH); Centro Internacional de Agricultura Tropical (CIAT);Centro Nacional de Investigaciones de Caé (Cenicaé); CorporaciónAutónoma Regional del Canal del Dique (CARDIQUE); CorporaciónColombiana de Investigación Agropecuaria (CORPOICA); DepartamentoNacional de Planeación (DNP); Dirección General Marítima (DIMAR);Federación Nacional de Caeteros; Fundación Natura; InstitutoColombiano Agropecuario (ICA); Instituto de Hidrología, Meteorología yEstudios Ambientales de Colombia (IDEAM); Instituto de InvestigacionesMarinas y Costeras (INVEMAR); Ministerio de Agricultura y DesarrolloRural; Ministerio de Ambiente, Vivienda y Desarrollo Territorial (MAVDT);Puerto de Mamonal; Sociedad Portuaria Regional de Cartagena(SPRC); Universidad de Cartagena; Universidad de los Andes - CentroInterdisciplinario de Estudios sobre Desarrollo (CIDER); and UniversidadNacional de Colombia.
Reviewers
We thank Lisa Wunder (Port o Los Angeles), Ahmed Shaukat (IFC) andan anonymous reviewer or their critical comments and suggestions.This work benefted rom support provided by the Trust Fund orEnvironmentally & Socially Sustainable Development (TFESSD),made available by the governments o Finland and Norway.
 
CLIMATE RISK AND BUSINESS
PORTS
 
Terminal Marítimo Muelles el BosqueCartagena, Colombia

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