Foreword Developing climate resilient infrastructure requires a dual-pronged strategy of cutting emissions while adapting to fast-changing climatic conditions, characterized by the increased frequency and intensity of extreme weather events. This ensures that we avoid the worst outcomes of climate change and environmental degradation, while enabling industries and communities to deal with the ecological changes that are already happening. Ensuring the security and stability of critical infrastructure – especially power and water utilities, transport and communication networks and essential services – is a strategic imperative for both businesses and governments. Prolonged disruptions or destruction due to extreme weather conditions, such as heatwaves, floods and drought, could severely undermine public health and safety, economic stability and national security. This report examines how policy, technology and finance can work in concert to safeguard the vital arteries of our economies and societies in a structured and systemic approach. It draws on case studies to illustrate how China – one of the world’s largest players in the construction and operation of power assets – is responding to climate-related risks. As defined by the concept of “Resilience 2.0”, the report proposes a forward-looking model in which adaptation can be institutionalized, digitally driven and anchored in innovative financial design. This report offers lessons learned for global leaders in the utilities sector and beyond to build a more climate-resilient future. Through anticipatory governance, cross-sector integration and data- driven innovation, governments and businesses can move away from a static defence model towards a more dynamic, agile approach to resilience that will better safeguard lives and livelihoods. Gim Huay Neo Managing Director, World Economic ForumShugang Wen Chairman, China Huaneng Group Building Climate-Resilient Utilities: Lessons from China and Future PathwaysDecember 2025 Building Climate-Resilient Utilities: Lessons from China and Future Pathways 3

Building Climate Resilient Utilities 2025