Impact Of Climate Risk On The Energy System


Impact Of Climate Risk On The Energy System
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Impact Of Climate Risk On The Energy System


Impact Of Climate Risk On The Energy System
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Author : Amy Myers Jaffe
language : en
Publisher: Council on Foreign Relations Press
Release Date : 2019-09-13

Impact Of Climate Risk On The Energy System written by Amy Myers Jaffe and has been published by Council on Foreign Relations Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-13 with Political Science categories.


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.



Climate Impacts On Energy Systems


Climate Impacts On Energy Systems
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Author : Jane O. Ebinger
language : en
Publisher: World Bank Publications
Release Date : 2011

Climate Impacts On Energy Systems written by Jane O. Ebinger and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.


"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."



Climate Change And Energy Systems


Climate Change And Energy Systems
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Author : Halldór Björnsson
language : en
Publisher:
Release Date : 2012

Climate Change And Energy Systems written by Halldór Björnsson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.


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



Managing Climate Risk In The U S Financial System


Managing Climate Risk In The U S Financial System
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Author : Leonardo Martinez-Diaz
language : en
Publisher: U.S. Commodity Futures Trading Commission
Release Date : 2020-09-09

Managing Climate Risk In The U S Financial System written by Leonardo Martinez-Diaz and has been published by U.S. Commodity Futures Trading Commission this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-09-09 with Science categories.


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



Effects Of Climate Change On Energy Production And Use In The United State


Effects Of Climate Change On Energy Production And Use In The United State
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Author : Thomas J. Wilbanks
language : en
Publisher: DIANE Publishing
Release Date : 2009-05

Effects Of Climate Change On Energy Production And Use In The United State written by Thomas J. Wilbanks and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-05 with Science categories.


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.



Climate Change And Energy Systems


Climate Change And Energy Systems
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Author : Nordic Council of Ministers
language : en
Publisher: Nordic Council of Ministers
Release Date : 2012-02

Climate Change And Energy Systems written by Nordic Council of Ministers and has been published by Nordic Council of Ministers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-02 with Science categories.


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.



Advances In Managing Energy And Climate Risks


Advances In Managing Energy And Climate Risks
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Author : Stéphane Goutte
language : en
Publisher: Springer Nature
Release Date : 2021-04-21

Advances In Managing Energy And Climate Risks written by Stéphane Goutte and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-04-21 with Business & Economics categories.


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.



Life Cycle Analysis Of Energy Systems


Life Cycle Analysis Of Energy Systems
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Author : Bent Sørensen
language : en
Publisher: Royal Society of Chemistry
Release Date : 2011-06-06

Life Cycle Analysis Of Energy Systems written by Bent Sørensen and has been published by Royal Society of Chemistry this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-06-06 with Science categories.


Life-cycle assessment of new energy solutions plays an important role in discussions about global warming mitigation options and the evaluation of concrete energy production and conversion installations. This book starts by describing the methodology of life-cycle analysis and life-cycle assessment of new energy solutions. It then goes on to cover, in detail, a range of applications to individual energy installations, national supply systems, and to the global energy system in a climate impact context. Coverage is not limited to issues related to commercial uses by consultants according to ISO norms. It also emphasizes life-cycle studies as an open-ended scientific discipline embracing economic issues of cost, employment, equity, foreign trade balances, ecological sustainability, and a range of geo-political and social issues. A wealth of applications are described and a discussion on the results obtained in each study is included. Example areas are fossil and nuclear power plants, renewable energy systems, and systems based on hydrogen or batteries as energy carriers. The analysis is continued to the end-users of energy, where energy use in transportation, industry and home are scrutinized for their life-cycle impacts. Biofuel production and the combustion of firewood in home fireplaces and stoves are amongst the issues discussed. A central theme of the book is global warming. The impacts of greenhouse gas emissions are meticulously mapped at a depth far beyond that of the IPCC reports. A novel and surprising finding is that more lives will be saved than lost as a direct consequence of a warmer climate. After a 2oC increase in temperature, the reduction in death rates in areas with cold winters would outweigh the increase in the death rates in hot climates. However, this is only one of several impacts from greenhouse gases, and the remaining ones are still overwhelmingly negative. The fact that some population groups may benefit from higher temperatures (notably the ones most responsible for greenhouse gas emissions) whilst others (who did not contribute much to the problem) suffer is one of the main points of the book. The book is suitable as a university textbook and as a reference source for engineers, managers and public bodies responsible for planning and licensing.



Energy Transition And Geoeconomic Fragmentation


Energy Transition And Geoeconomic Fragmentation
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Author : Charlotte Gardes-Landolfini
language : en
Publisher: International Monetary Fund
Release Date : 2023-11-28

Energy Transition And Geoeconomic Fragmentation written by Charlotte Gardes-Landolfini and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-11-28 with Business & Economics categories.


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.



Renewable Energy Sources And Climate Change Mitigation


Renewable Energy Sources And Climate Change Mitigation
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Author : Ottmar Edenhofer
language : en
Publisher:
Release Date : 2012

Renewable Energy Sources And Climate Change Mitigation written by Ottmar Edenhofer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Climate change mitigation categories.


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.