This report examines how climate change is reshaping risk for critical infrastructure, especially utilities such as energy, water and transport systems. It highlights that increasing frequency and intensity of extreme weather events are undermining traditional assumptions of stability, creating cascading risks across economies. Using China as a case study, the paper presents a multi-dimensional resilience model combining policy coordination, technological innovation and financial mechanisms. It introduces a progression from “Resilience 1.0” to “Resilience 2.0,” where systems become more predictive, integrated and data-driven through AI and advanced risk pricing. The key takeaway is that building climate-resilient infrastructure requires coordinated public-private action, forward-looking go

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