Climate risk management approaches in the electricity sector: lessons from early adapters

Description

Climate change is expected to have an impact on the electricity sector. Some energy companies are investing to manage climate change risks, most of them located in the developed world. To foster the management of climate change risks in electricity production, it is advised to

develop joint efforts between electricity sector and hydrometeorological offices to develop tailored climate data
applied research and pilot cases on energy sector adaptation
develop a business environment favorable to climate change adaptation as an incentive to go beyond 'business-as-usual'
build the economic case for adaptation

Reference information

Websites:

https://link.springer.com/chapter/10.1007/978-1-4614-9221-4_2

Source:

SPRINGER

Published in Climate-ADAPT: Jun 7, 2016

Date of publication:

2014

Keywords:

business, electricity, energy production, energy sector, favorable environment, incentive, wait-and-see

Climate impacts:

Droughts, Flooding, Water Scarcity, Extreme heat, Extreme cold

Adaptation Approaches:

Adaptation Plans and Strategies, Vulnerability Assessment, Climate services

Sectors:

Energy, Business and industry

Geographic characterisation:

Global

Publications and Reports Documents (1)

Climate risk management

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