Impact Of Climate Risk On The Energy System

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Climate Impacts on Energy Systems

Jane O. Ebinger
Climate Impacts on Energy Systems Book PDF

Author : Jane O. Ebinger
Publisher : World Bank Publications
Page : 224 pages
File Size : 53,7 Mb
Release : 2011
Category : Business & Economics
ISBN : 9780821386989

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Climate Impacts on Energy Systems by Jane O. Ebinger Pdf

"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

Amy Myers Jaffe,Et Al
Impact of Climate Risk on the Energy System Book PDF

Author : Amy Myers Jaffe,Et Al
Publisher : Council on Foreign Relations Press
Page : 88 pages
File Size : 41,6 Mb
Release : 2019-09-13
Category : Political Science
ISBN : 0876097735

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Impact of Climate Risk on the Energy System by Amy Myers Jaffe,Et Al Pdf

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 Risk in the U.S. Financial System

Leonardo Martinez-Diaz,Jesse M. Keenan
Managing Climate Risk in the U S Financial System Book PDF

Author : Leonardo Martinez-Diaz,Jesse M. Keenan
Publisher : U.S. Commodity Futures Trading Commission
Page : 196 pages
File Size : 45,7 Mb
Release : 2020-09-09
Category : Science
ISBN : 9780578748412

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Managing Climate Risk in the U.S. Financial System by Leonardo Martinez-Diaz,Jesse M. Keenan Pdf

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

Managing Climate Risks, Facing up to Losses and Damages

OECD
Managing Climate Risks Facing up to Losses and Damages Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 360 pages
File Size : 55,5 Mb
Release : 2021-11-01
Category : Electronic
ISBN : 9789264439665

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Managing Climate Risks, Facing up to Losses and Damages by OECD Pdf

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.

Effects of Climate Change on Energy Production and Use in the United State

Thomas J. Wilbanks
Effects of Climate Change on Energy Production and Use in the United State Book PDF

Author : Thomas J. Wilbanks
Publisher : DIANE Publishing
Page : 152 pages
File Size : 54,8 Mb
Release : 2009-05
Category : Science
ISBN : 9781437911008

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Effects of Climate Change on Energy Production and Use in the United State by Thomas J. Wilbanks Pdf

This report by the Nat. Science and Technology Council¿s U.S. Climate Change Science Program (CCSP) is part of a series of Synthesis and Assessment Products produced by the CCSP. This series of 21 reports is aimed at providing current evaluations of climate change science to inform public debate, policy, and operational decisions and is also intended to inform CCSP¿s consideration of future program priorities. CCSP¿s guiding vision is to provide the Nation and the global community with the science-based knowledge to manage the risk and opportunities of change in the climate and related environmental systems. This report will enhance understanding of the effects of climate change on energy systems in the U.S. Illustrations.

Renewable Energy Sources and Climate Change Mitigation

Ottmar Edenhofer,Ramón Pichs Madruga
Renewable Energy Sources and Climate Change Mitigation Book PDF

Author : Ottmar Edenhofer,Ramón Pichs Madruga
Publisher : Unknown
Page : 1076 pages
File Size : 53,6 Mb
Release : 2012
Category : Climate change mitigation
ISBN : 1139248707

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Renewable Energy Sources and Climate Change Mitigation by Ottmar Edenhofer,Ramón Pichs Madruga Pdf

This Intergovernmental Panel on Climate Change Special Report (IPCC-SRREN) assesses the potential role of renewable energy in the mitigation of climate change. It covers the six most important renewable energy sources - bioenergy, solar, geothermal, hydropower, ocean and wind energy - as well as their integration into present and future energy systems. It considers the environmental and social consequences associated with the deployment of these technologies and presents strategies to overcome technical as well as non-technical obstacles to their application and diffusion. SRREN brings a broad spectrum of technology-specific experts together with scientists studying energy systems as a whole. Prepared following strict IPCC procedures, it presents an impartial assessment of the current state of knowledge: it is policy relevant but not policy prescriptive. SRREN is an invaluable assessment of the potential role of renewable energy for the mitigation of climate change for policymakers, the private sector and academic researchers.

Canada’s Top Climate Change Risks

The Expert Panel on Climate Change Risks and Adaptation Potential
Canada s Top Climate Change Risks Book PDF

Author : The Expert Panel on Climate Change Risks and Adaptation Potential
Publisher : Council of Canadian Academies
Page : 88 pages
File Size : 55,6 Mb
Release : 2019-07-04
Category : Science
ISBN : 9781926522678

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Canada’s Top Climate Change Risks by The Expert Panel on Climate Change Risks and Adaptation Potential Pdf

Canada’s Top Climate Change Risks identifies the top risk areas based on the extent and likelihood of the potential damage, and rates the risk areas according to society’s ability to adapt and reduce negative outcomes. These 12 major areas of risk are: agriculture and food, coastal communities, ecosystems, fisheries, forestry, geopolitical dynamics, governance and capacity, human health and wellness, Indigenous ways of life, northern communities, physical infrastructure, and water. The report describes an approach to inform federal risk prioritization and adaptation responses. The Panel outlines a multi-layered method of prioritizing adaptation measures based on an understanding of the risk, adaptation potential, and federal roles and responsibilities.

Climate Change and Energy Systems

Halldór Björnsson
Climate Change and Energy Systems Book PDF

Author : Halldór Björnsson
Publisher : Unknown
Page : 220 pages
File Size : 42,5 Mb
Release : 2012
Category : Electronic
ISBN : 9289330953

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Climate Change and Energy Systems by Halldór Björnsson Pdf

Abstract: Renewable energy sources contribute 16% of the global energy consumption and most nations are working to increase the share of renewables in their total energy budget, to reduce the dependence on fossil fuel sources. Most Nordic and Baltic countries have already surpassed the target set for EU countries by 2020, to produce 20% of energy use from renewables like hydropower, solar energy, wind power, bio-energy, ocean power and geothermal energy. This publication presents results from a comprehensive research project that investigated the effects of projected future climate change on hydropower, wind power and bioenergy in the Nordic and Baltic countries, with focus on the period 2020-2050. The research group investigated historical climate, runoff and forest growth data and produced climate scenarios for the region based on global circulation models. The scenarios were used as input in models forecasting changes in glacial meltwater production, basin-wide runoff, mean wind strength, extreme storm and flooding events and energy biomass production. Although the uncertainty in modelling results translates into increased risks for decision-making within the energy sector, the projected climate change is predicted to have a largely positive impact on energy production levels in the region, and energy systems modelling projects increased export of energy to continental Europe by 2020

Economic Risks of Climate Change

Trevor Houser,Solomon Hsiang,Robert Kopp,Kate Larsen,Michael Delgado,Amir Jina,Michael Mastrandrea,Shashank Mohan,Robert Muir-Wood,D. J. Rasmussen,James Rising,Paul Wilson
Economic Risks of Climate Change Book PDF

Author : Trevor Houser,Solomon Hsiang,Robert Kopp,Kate Larsen,Michael Delgado,Amir Jina,Michael Mastrandrea,Shashank Mohan,Robert Muir-Wood,D. J. Rasmussen,James Rising,Paul Wilson
Publisher : Columbia University Press
Page : 381 pages
File Size : 53,7 Mb
Release : 2015-08-18
Category : Business & Economics
ISBN : 9780231539555

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Economic Risks of Climate Change by Trevor Houser,Solomon Hsiang,Robert Kopp,Kate Larsen,Michael Delgado,Amir Jina,Michael Mastrandrea,Shashank Mohan,Robert Muir-Wood,D. J. Rasmussen,James Rising,Paul Wilson Pdf

Climate change threatens the economy of the United States in myriad ways, including increased flooding and storm damage, altered crop yields, lost labor productivity, higher crime, reshaped public-health patterns, and strained energy systems, among many other effects. Combining the latest climate models, state-of-the-art econometric research on human responses to climate, and cutting-edge private-sector risk-assessment tools, Economic Risks of Climate Change: An American Prospectus crafts a game-changing profile of the economic risks of climate change in the United States. This prospectus is based on a critically acclaimed independent assessment of the economic risks posed by climate change commissioned by the Risky Business Project. With new contributions from Karen Fisher-Vanden, Michael Greenstone, Geoffrey Heal, Michael Oppenheimer, and Nicholas Stern and Bob Ward, as well as a foreword from Risky Business cochairs Michael Bloomberg, Henry Paulson, and Thomas Steyer, the book speaks to scientists, researchers, scholars, activists, and policy makers. It depicts the distribution of escalating climate-change risk across the country and assesses its effects on aspects of the economy as varied as hurricane damages and violent crime. Beautifully illustrated and accessibly written, this book is an essential tool for helping businesses and governments prepare for the future.

Advances in Managing Energy and Climate Risks

Stéphane Goutte,Khaled Guesmi,Raphaël Homayoun Boroumand,Thomas Porcher
Advances in Managing Energy and Climate Risks Book PDF

Author : Stéphane Goutte,Khaled Guesmi,Raphaël Homayoun Boroumand,Thomas Porcher
Publisher : Springer Nature
Page : 150 pages
File Size : 48,7 Mb
Release : 2021-04-21
Category : Business & Economics
ISBN : 9783030714031

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Advances in Managing Energy and Climate Risks by Stéphane Goutte,Khaled Guesmi,Raphaël Homayoun Boroumand,Thomas Porcher Pdf

This book presents research related to energy and environmental technologies in the context of market liberalization and global warming. It focuses on the development and efficient use of alternative energy sources, implementation of sustainable energy policies, power generation, and energy finance. Advances in Managing Energy and Climate Risks provides readers with the necessary information to use energy sources more efficiently, discover cleaner energy sources and their applications, and urge consumers and producers to make changes to reach a carbon-neutral economy through financial, technological, regulatory and tax incentives.

Review of the Draft Fourth National Climate Assessment

National Academies of Sciences, Engineering, and Medicine,Division of Behavioral and Social Sciences and Education,Division on Earth and Life Studies,Board on Environmental Change and Society,Board on Atmospheric Sciences and Climate,Committee to Review the Draft Fourth National Climate Assessment
Review of the Draft Fourth National Climate Assessment Book PDF

Author : National Academies of Sciences, Engineering, and Medicine,Division of Behavioral and Social Sciences and Education,Division on Earth and Life Studies,Board on Environmental Change and Society,Board on Atmospheric Sciences and Climate,Committee to Review the Draft Fourth National Climate Assessment
Publisher : National Academies Press
Page : 207 pages
File Size : 45,6 Mb
Release : 2018-06-18
Category : Science
ISBN : 9780309471695

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Review of the Draft Fourth National Climate Assessment by National Academies of Sciences, Engineering, and Medicine,Division of Behavioral and Social Sciences and Education,Division on Earth and Life Studies,Board on Environmental Change and Society,Board on Atmospheric Sciences and Climate,Committee to Review the Draft Fourth National Climate Assessment Pdf

Climate change poses many challenges that affect society and the natural world. With these challenges, however, come opportunities to respond. By taking steps to adapt to and mitigate climate change, the risks to society and the impacts of continued climate change can be lessened. The National Climate Assessment, coordinated by the U.S. Global Change Research Program, is a mandated report intended to inform response decisions. Required to be developed every four years, these reports provide the most comprehensive and up-to-date evaluation of climate change impacts available for the United States, making them a unique and important climate change document. The draft Fourth National Climate Assessment (NCA4) report reviewed here addresses a wide range of topics of high importance to the United States and society more broadly, extending from human health and community well-being, to the built environment, to businesses and economies, to ecosystems and natural resources. This report evaluates the draft NCA4 to determine if it meets the requirements of the federal mandate, whether it provides accurate information grounded in the scientific literature, and whether it effectively communicates climate science, impacts, and responses for general audiences including the public, decision makers, and other stakeholders.

Climate Change and Energy Systems

Nordic Council of Ministers
Climate Change and Energy Systems Book PDF

Author : Nordic Council of Ministers
Publisher : Nordic Council of Ministers
Page : 228 pages
File Size : 46,6 Mb
Release : 2012-02
Category : Science
ISBN : 9789289321907

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Climate Change and Energy Systems by Nordic Council of Ministers Pdf

Renewable energy sources contribute 16% of the global energy consumption and most nations are working to increase the share of renewables in their total energy budget, to reduce the dependence on fossil fuel sources. Most Nordic and Baltic countries have already surpassed the target set for EU countries by 2020, to produce 20% of energy use from renewables like hydropower, solar energy, wind power, bio-energy, ocean power and geothermal energy. This publication presents results from a comprehensive research project that investigated the effects of projected future climate change on hydropower, wind power and bioenergy in the Nordic and Baltic countries, with focus on the period 2020-2050. The research group investigated historical climate, runoff and forest growth data and produced climate scenarios for the region based on global circulation models. The scenarios were used as input in models forecasting changes in glacial meltwater production, basin-wide runoff, mean wind strength, extreme storm and flooding events and energy biomass production. Although the uncertainty in modelling results translates into increased risks for decision-making within the energy sector, the projected climate change is predicted to have a largely positive impact on energy production levels in the region, and energy systems modelling projects increased export of energy to continental Europe by 2020.

Urban Energy Systems

James Keirstead,Nilay Shah
Urban Energy Systems Book PDF

Author : James Keirstead,Nilay Shah
Publisher : Routledge
Page : 338 pages
File Size : 46,6 Mb
Release : 2013
Category : Architecture
ISBN : 9780415529013

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Urban Energy Systems by James Keirstead,Nilay Shah Pdf

This book analyses the technical and social systems that satisfy these needs and asks how methods can be put into practice to achieve this.

Energy Security and Climate Policy

International Energy Agency
Energy Security and Climate Policy Book PDF

Author : International Energy Agency
Publisher : OECD Publishing
Page : 160 pages
File Size : 47,9 Mb
Release : 2007
Category : Business & Economics
ISBN : UOM:39015069219064

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Energy Security and Climate Policy by International Energy Agency Pdf

World energy demand is surging. Oil, coal and natural gas still meet most global energy needs, creating serious implications for the environment. One result is that CO 2 emissions, the principal cause of global warming, are rising. This study underlines the close link between efforts to ensure energy security and those to mitigate climate change. Decisions on one side affect the other. The book presents a framework to assess interactions between energy security and climate change policies, combining qualitative and quantitative analyses. The quantitative analysis is based on the development of energy security indicators, tracking the evolution of policy concerns linked to energy resource concentration. The indicators are applied to a reference scenario and CO 2 policy cases for five case-study countries: The Czech Republic, France, Italy, the Netherlands, and the United Kingdom.. -->

Energy Transition and Geoeconomic Fragmentation

Charlotte Gardes-Landolfini,Pierpaolo Grippa,William Oman,Sha Yu
Energy Transition and Geoeconomic Fragmentation Book PDF

Author : Charlotte Gardes-Landolfini,Pierpaolo Grippa,William Oman,Sha Yu
Publisher : International Monetary Fund
Page : 44 pages
File Size : 47,8 Mb
Release : 2023-11-28
Category : Business & Economics
ISBN : 9798400258220

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Energy Transition and Geoeconomic Fragmentation by Charlotte Gardes-Landolfini,Pierpaolo Grippa,William Oman,Sha Yu Pdf

The transition to a low-carbon economy, which is needed to mitigate climate change and meet the Paris Agreement temperature goals, has been affected by the supply chain and energy supply disruptions that originated during the COVID-19 pandemic, the Russian invasion of Ukraine, and the subsequent energy crisis and exacerbation of geopolitical tensions. These developments, and the broader context of the ongoing “polycrisis,” can affect future decarbonization scenarios. This reflects three main factors: (1) pullbacks in climate mitigation policies and increased carbon lock-in in fossil fuel infrastructure and policymaking; (2) the decreasing likelihood of continuous cost reduction in renewable energy technologies; and (3) the likely intensification of macroeconomic shocks amid increasing geoeconomic fragmentation, and the associated policy responses. In this context, the note assesses the implications of the polycrisis for hypothetical scenarios used to assess climate-related financial risks. Following an analysis of the channels through which these effects are likely to materialize over short- and long-term horizons and some policy implications, the note proposes potential adjustments to the design of the climate scenarios used by financial institutions, central banks, and financial sector supervisors and regulators within their risk management frameworks.