Chapter 2. Cost assessment of climate change impacts on a railway company
Keywords:
climate change, railway company, decision making, climate mitigation measures, economic impact, risks assessment, transport-environment interaction
Synopsis
The frequency and severity of climate change impacts on the railway sector are steadily increasing. As a result, railway companies are currently in the process of developing resilience strategies to adapt to these challenges. A key element of this process is the assessment of climate-related risks and the adoption of effective risks mitigation measures. This chapter focuses on the economic dimension of climate resilience by evaluating the financial costs incurred by a railway company due to climate change impacts. Understanding these costs is crucial for assessing the scale of climate risks and for determining the economic efficiency of risk mitigation measures. The chapter identifies, systematizes, and classifies various categories of climate-induced costs borne by railway operators. In addition, it proposes a cost assessment methodology that is particularly suitable for practical application, drawing on a comparative analysis of the best international practices. This approach contributes to informed decision-making in climate adaptation planning for the railway sector.
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Copyright (c) 2025 Valerii Samsonkin, Iuliia Bulgakova, Oksana Yurchenko ________________________________________ How to Cite: Samsonkin, V., Bulgakova, I., Yurchenko, O.; Cherniavska, T. (Ed.) (2025). Cost assessment of climate change impacts on a railway company. Ecological systems modeling. Tallinn: Scientific Route OÜ, 35-56. https://doi.org/10.21303/978-9908-9706-6-0.ch2
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