Management of Weather and Climate Risk in the Energy Industry

Management of Weather and Climate Risk in the Energy Industry PDF Author: Alberto Troccoli
Publisher: Springer Science & Business Media
ISBN: 9048136911
Category : Science
Languages : en
Pages : 361

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Book Description
Meteorological and climate data are indeed essential both in day-to-day energy management and for the definition of production and distribution infrastructures. For instance, the supply of electricity to users can be disturbed by extreme meteorological events such as thunderstorms with unusually strong winds, severe icing, severe cold spells, sea level elevation associated with storm surges, floods ... To be protected against such events, it is not sufficient to act after they have taken place. It is necessary to identify their potential impacts precisely and assess the probability of their occurrence. This book shows that this can only be done through an enhanced dialogue between the energy community and the climate and meteorology community. This implies an in-depth dialogue between actors to define precisely what kind of data is needed and how it should be used. Météo-France has been in long-term cooperation with the energy sector, including the fields of electricity production and distribution. Drawing on this experience, it should be noted in this respect the importance of lo- term partnership between actors as exemplified here by the message of EDF.

Management of Weather and Climate Risk in the Energy Industry

Management of Weather and Climate Risk in the Energy Industry PDF Author: Alberto Troccoli
Publisher: Springer Science & Business Media
ISBN: 9048136911
Category : Science
Languages : en
Pages : 361

Get Book

Book Description
Meteorological and climate data are indeed essential both in day-to-day energy management and for the definition of production and distribution infrastructures. For instance, the supply of electricity to users can be disturbed by extreme meteorological events such as thunderstorms with unusually strong winds, severe icing, severe cold spells, sea level elevation associated with storm surges, floods ... To be protected against such events, it is not sufficient to act after they have taken place. It is necessary to identify their potential impacts precisely and assess the probability of their occurrence. This book shows that this can only be done through an enhanced dialogue between the energy community and the climate and meteorology community. This implies an in-depth dialogue between actors to define precisely what kind of data is needed and how it should be used. Météo-France has been in long-term cooperation with the energy sector, including the fields of electricity production and distribution. Drawing on this experience, it should be noted in this respect the importance of lo- term partnership between actors as exemplified here by the message of EDF.

Weather & Climate Services for the Energy Industry

Weather & Climate Services for the Energy Industry PDF Author: Alberto Troccoli
Publisher: Springer
ISBN: 3319684183
Category : Social Science
Languages : en
Pages : 197

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Book Description
This open access book showcases the burgeoning area of applied research at the intersection between weather and climate science and the energy industry. It illustrates how better communication between science and industry can help both sides. By opening a dialogue, scientists can understand the broader context for their work and the energy industry is able to keep track of and implement the latest scientific advances for more efficient and sustainable energy systems. Weather & Climate Services for the Energy Industry considers the lessons learned in establishing an ongoing discussion between the energy industry and the meteorological community and how its principles and practises can be applied elsewhere. This book will be a useful guiding resource for research and early career practitioners concerned with the energy industry and the new field of research known as energy meteorology.

Weather Matters for Energy

Weather Matters for Energy PDF Author: Alberto Troccoli
Publisher: Springer Science & Business Media
ISBN: 1461492211
Category : Science
Languages : en
Pages : 528

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Book Description
It is the purpose of this book to provide the meteorological knowledge and tools to improve the risk management of energy industry decisions, ranging from the long term finance and engineering planning assessments to the short term operational measures for scheduling and maintenance. Most of the chapters in this book are based on presentations given at the inaugural International Conference Energy & Meteorology (ICEM), held in the Gold Coast, Australia, 8-11 November 2011. The main aim of the conference was to strengthen the link between Energy and Meteorology, so as to make meteorological information more relevant to the planning and operations of the energy sector. The ultimate goal would be to make the best use of weather and climate data in order to achieve a more efficient use of energy sources. This book seeks to realise the same objective.

Climate Impacts on Energy Systems

Climate Impacts on Energy Systems PDF Author: Jane O. Ebinger
Publisher: World Bank Publications
ISBN: 0821386980
Category : Business & Economics
Languages : en
Pages : 224

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Book Description
"While the energy sector is a primary target of efforts to arrest and reverse the growth of greenhouse gas emissions and lower the carbon footprint of development, it is also expected to be increasingly affected by unavoidable climate consequences from the damage already induced in the biosphere. Energy services and resources, as well as seasonal demand, will be increasingly affected by changing trends, increasing variability, greater extremes and large inter-annual variations in climate parameters in some regions. All evidence suggests that adaptation is not an optional add-on but an essential reckoning on par with other business risks. Existing energy infrastructure, new infrastructure and future planning need to consider emerging climate conditions and impacts on design, construction, operation, and maintenance. Integrated risk-based planning processes will be critical to address the climate change impacts and harmonize actions within and across sectors. Also, awareness, knowledge, and capacity impede mainstreaming of climate adaptation into the energy sector. However, the formal knowledge base is still nascent?information needs are complex and to a certain extent regionally and sector specific. This report provides an up-to-date compendium of what is known about weather variability and projected climate trends and their impacts on energy service provision and demand. It discusses emerging practices and tools for managing these impacts and integrating climate considerations into planning processes and operational practices in an environment of uncertainty. It focuses on energy sector adaptation, rather than mitigation which is not discussed in this report. This report draws largely on available scientific and peer-reviewed literature in the public domain and takes the perspective of the developing world to the extent possible."

Impact of Climate Risk on the Energy System

Impact of Climate Risk on the Energy System PDF Author: Amy Myers Jaffe
Publisher: Council on Foreign Relations Press
ISBN: 9780876097731
Category : Political Science
Languages : en
Pages : 88

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Book Description
Climate change affects virtually every aspect of the U.S. energy system. As climatic effects such as rising seas and extreme weather continue to appear across many geographies, U.S. energy infrastructure is increasingly at risk. The U.S. Gulf Coast--which is home to 44 percent of total U.S. oil refining capacity and several major ports--is highly vulnerable to flooding events and dangerous ocean surges during severe storms and hurricanes. The link between water availability and energy and electricity production creates another layer of risk to U.S. energy security. Climate risk could manifest not only in physical damages, but also in financial market failures. Climate change-related challenges could impede energy firms' access to capital markets or private insurance markets. Already, climate-related risks have created severe financial problems at a handful of U.S. energy firms, forcing them to interrupt their sales of energy to consumers in particular locations. Over time, climatic disruptions to domestic energy supply could entail huge economic losses and potentially require sizable domestic military mobilizations. The United States is ill prepared for this national security challenge, and public debate about emergency preparedness is virtually nonexistent. To explore the challenges of climate risk to the U.S. energy system and national security, the Council on Foreign Relations organized a two-day workshop in New York, on March 18 and 19, 2019. The gathering of fifty participants included current and former state and federal government officials and regulators, entrepreneurs, scientists, investors, financial- and corporate-sector leaders, credit agencies, insurers, nongovernmental organizations, and energy policy experts. During their deliberations, workshop participants explored how climate-related risks to U.S. energy infrastructure, financial markets, and national security could be measured, managed, and mitigated. Impact of Climate Risk on the Energy System summarizes the insights from this workshop and includes contributions from seven expert authors delving into related topics.

Managing Climate Risks, Facing up to Losses and Damages

Managing Climate Risks, Facing up to Losses and Damages PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264439668
Category :
Languages : en
Pages : 360

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Book Description
This report addresses the urgent issue of climate-related losses and damages. Climate change is driving fundamental changes to the planet with adverse impacts on human livelihoods and well-being, putting development gains at risk.

Climate Risk and the Weather Market

Climate Risk and the Weather Market PDF Author: Robert S. Dischel
Publisher:
ISBN: 9781899332526
Category : Assurance contre les catastrophes
Languages : en
Pages : 325

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Book Description
Provides a highly accessible and complete coverage of weather risk management as seen from the perspective of practitioners, consultants and academics.

Managing Climate Risk in the U.S. Financial System

Managing Climate Risk in the U.S. Financial System PDF Author: Leonardo Martinez-Diaz
Publisher: U.S. Commodity Futures Trading Commission
ISBN: 057874841X
Category : Science
Languages : en
Pages : 196

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Book Description
This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742

Climate Risk and Adaptation in the Electric Power Sector

Climate Risk and Adaptation in the Electric Power Sector PDF Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9290927313
Category : Science
Languages : en
Pages : 127

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Book Description
This report aims to highlight and raise awareness on the exposure and vulnerability of the energy sector to climate change. It also identifies adaptation options available to each source of energy generation as well as for the distribution and end use of electrical energy.

Bridging Science And Policy Implication For Managing Climate Extremes

Bridging Science And Policy Implication For Managing Climate Extremes PDF Author: Jung Hong-sang
Publisher: World Scientific
ISBN: 9813235675
Category : Science
Languages : en
Pages : 232

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Book Description
Since 1980, the number of climate-related disasters has been greatly increased globally. Scientific consensus based on the IPCC fifth report suggested that global warming would bring more intense and frequent extreme climate events. These climate-related disasters hinder the achievement of sustainable economic growth and prosperity by disrupting supply chains, impeding production, destroying infrastructure, and necessitating high-cost rebuilding and recovery. To mitigate the climate extreme risks and possible losses, it is essential to maximize the utilization of scientific outputs and to share best practices in disaster risk management. Aligned with such purposes, Asia-Pacific Economic Cooperation (APEC) Climate Center (APCC) hosts the APEC Climate Symposium (APCS) every year. APCS focused on drought prediction and management in 2013, climate extremes and hydrological disaster in 2014, and efficient use of climate information for disaster risk management in 2015. This book aims to compile some of the important results from the latest research in climate extreme prediction and services and its application studies with a focus on climate extremes such as typhoons, droughts, and floods based on the APCS presentations during 2013–2015. Contents: Assessing Seasonal Climate Forecasts Over Africa to Support Decision-Making (Niko Wanders and Eric F Wood)Variability and Predictability of Climate Linked to Extreme Events (Swadhin Behera)Subseasonal Prediction of Extreme Weather Events (Bin Wang and Ja-Yeon Moon)Climate Services: For Informing Decisions and Managing Risk (Neil Plummer, Agata Imielska, Karl Braganza, David Jones, Janita Pahalad, Scott Power, Martin Schweitzer, Andrew Watkins, David Walland and Perry Wiles)Early Warning, Resilient Infrastructure and Risk Transfer (David P Rogers, Haleh Kootval and Vladimir V Tsirkunov)Climate Services for Sustainable Development (Mannava V K Sivakumar and Filipe Lucio)Future Changes of Extreme Weather and Natural Disasters due to Climate Change in Japan and Southeast Asia (Eiichi Nakakita, Yasuto Tachikawa, Tetsuya Takemi, Nobuhito Mori and Kenji Tanaka)Climate Change and Stream Temperature in the Willamette River Basin: Implications for Fish Habitat (Heejun Chang, Eric Watson and Angela Strecker)An Integrated Approach for Flood Inundation Modeling on Large Scales (Venkatesh Merwade, Mohammad Adnan Rajib and Zhu Liu)Service and Research on Seasonal Streamflow Forecasting in Australia (P M Feikema, Q J Wang, S Zhou, D Shin, D E Robertson, A Schepen, J Lerat, J C Bennett, N K Tuteja and D Jayasuriya)A Holistic Framework to Assess Drought Preparedness (Ximing Cai, Majid Shafiee-Jood, Yan Ge, Sylwia Kokoszka and Tushar Apurv)Priorities of the WMO Commission for Hydrology in the Context of Water, Climate and Risk Management (Liu Zhiyu)From Prediction to Scenario Analysis: A Brief Review and Commentary (Bryan C Bates) Readership: Graduate students, academics and researchers in meteorology/climatology, and weather forecasting services. Keywords: Review: Key Features: This book is useful for the students preparing for competitions like IYPTSupplementary materials (such as videos) are provided to demonstrate the experiments more vividlyExperimental demonstrations and numerical simulations made the technical solution accessible to general public