High-Speed Rail Infrastructure and Climate Sustainability: Improving Economic Evaluation for Risk Mitigation
Alessio D’Auria () and
Irina Ruocco ()
Additional contact information
Alessio D’Auria: University Suor Orsola Benincasa
Irina Ruocco: University of Trieste, DEAMS
A chapter in Socioeconomic Impacts of High-Speed Rail Systems, 2025, pp 449-468 from Springer
Abstract:
Abstract Evaluating environmental sustainability and climate change impacts, particularly concerning the lifespan of high-speed railway (HSR) infrastructure, poses notable challenges for traditional cost–benefit analysis (CBA). Recent methodologies provide guidance on adapting CBA to address these complex issues more effectively. A briefing from the European Environment Agency (EEA) highlights the importance of a thorough understanding of the trade-offs in climate adaptation strategies, as the European Union faces increasing financial impacts from extreme weather events. This study identifies gaps in conventional CBA guidelines for HSR, suggesting alternative discount rate scenarios for decision-makers that incorporate long-term perspectives. Approaches such as variable discount rates for environmental impacts and explicit consideration of intergenerational effects offer ways to refine CBA for infrastructure projects. By re-examining current CBAs, this research illustrates how the analysis can evolve to meet the growing demands of sustainable, resilient infrastructure planning.
Keywords: Cost–benefit analysis; Variable discount rates; Climate adaptation; High-speed rail infrastructures impact assessment (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-82528-6_23
Ordering information: This item can be ordered from
http://www.springer.com/9783031825286
DOI: 10.1007/978-3-031-82528-6_23
Access Statistics for this chapter
More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().