Management of Weather and Climate Risk in the Energy Industry

Management of Weather and Climate Risk in the Energy Industry

Author: Alberto Troccoli

Publisher: Springer Science & Business Media

Published: 2009-12-21

Total Pages: 361

ISBN-13: 9048136911

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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.


Book Synopsis Management of Weather and Climate Risk in the Energy Industry by : Alberto Troccoli

Download or read book Management of Weather and Climate Risk in the Energy Industry written by Alberto Troccoli and published by Springer Science & Business Media. This book was released on 2009-12-21 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Matters for Energy

Weather Matters for Energy

Author: Alberto Troccoli

Publisher: Springer Science & Business Media

Published: 2014-01-18

Total Pages: 527

ISBN-13: 1461492211

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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.


Book Synopsis Weather Matters for Energy by : Alberto Troccoli

Download or read book Weather Matters for Energy written by Alberto Troccoli and published by Springer Science & Business Media. This book was released on 2014-01-18 with total page 527 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Weather & Climate Services for the Energy Industry

Weather & Climate Services for the Energy Industry

Author: Alberto Troccoli

Publisher: Springer

Published: 2018-01-03

Total Pages: 197

ISBN-13: 3319684183

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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.


Book Synopsis Weather & Climate Services for the Energy Industry by : Alberto Troccoli

Download or read book Weather & Climate Services for the Energy Industry written by Alberto Troccoli and published by Springer. This book was released on 2018-01-03 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Climate Impacts on Energy Systems

Climate Impacts on Energy Systems

Author: Jane O. Ebinger

Publisher: World Bank Publications

Published: 2011

Total Pages: 224

ISBN-13: 0821386980

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"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."


Book Synopsis Climate Impacts on Energy Systems by : Jane O. Ebinger

Download or read book Climate Impacts on Energy Systems written by Jane O. Ebinger and published by World Bank Publications. This book was released on 2011 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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

Author: Amy Myers Jaffe

Publisher: Council on Foreign Relations Press

Published: 2019-09-13

Total Pages: 88

ISBN-13: 9780876097731

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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.


Book Synopsis Impact of Climate Risk on the Energy System by : Amy Myers Jaffe

Download or read book Impact of Climate Risk on the Energy System written by Amy Myers Jaffe and published by Council on Foreign Relations Press. This book was released on 2019-09-13 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Managing Climate Risk in the U.S. Financial System

Author: Leonardo Martinez-Diaz

Publisher: U.S. Commodity Futures Trading Commission

Published: 2020-09-09

Total Pages: 196

ISBN-13: 057874841X

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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


Book Synopsis Managing Climate Risk in the U.S. Financial System by : Leonardo Martinez-Diaz

Download or read book Managing Climate Risk in the U.S. Financial System written by Leonardo Martinez-Diaz and published by U.S. Commodity Futures Trading Commission . This book was released on 2020-09-09 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Author: Asian Development Bank

Publisher: Asian Development Bank

Published: 2012-07-01

Total Pages: 127

ISBN-13: 9290927313

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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.


Book Synopsis Climate Risk and Adaptation in the Electric Power Sector by : Asian Development Bank

Download or read book Climate Risk and Adaptation in the Electric Power Sector written by Asian Development Bank and published by Asian Development Bank. This book was released on 2012-07-01 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Climate Risk and the Weather Market

Climate Risk and the Weather Market

Author: Robert S. Dischel

Publisher:

Published: 2002

Total Pages: 325

ISBN-13: 9781899332526

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


Book Synopsis Climate Risk and the Weather Market by : Robert S. Dischel

Download or read book Climate Risk and the Weather Market written by Robert S. Dischel and published by . This book was released on 2002 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a highly accessible and complete coverage of weather risk management as seen from the perspective of practitioners, consultants and academics.


Bridging Science And Policy Implication For Managing Climate Extremes

Bridging Science And Policy Implication For Managing Climate Extremes

Author: Jung Hong-sang

Publisher: World Scientific

Published: 2017-12-19

Total Pages: 232

ISBN-13: 9813235675

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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


Book Synopsis Bridging Science And Policy Implication For Managing Climate Extremes by : Jung Hong-sang

Download or read book Bridging Science And Policy Implication For Managing Climate Extremes written by Jung Hong-sang and published by World Scientific. This book was released on 2017-12-19 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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


Adapting the Energy Sector to Climate Change

Adapting the Energy Sector to Climate Change

Author: IAEA

Publisher: International Atomic Energy Agency

Published: 2019-09-17

Total Pages: 130

ISBN-13: 9201070225

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This publication explores the diverse range of impacts on the energy sector resulting from gradual climate change and extreme weather events, and the potential ways to counter them. All elements of the supply chain are explored: resource base, extraction and transport of depletable energy sources, power generation, transmission and distribution. The publication includes three case studies which assess the energy sector vulnerability of Argentina, Pakistan and Slovenia.


Book Synopsis Adapting the Energy Sector to Climate Change by : IAEA

Download or read book Adapting the Energy Sector to Climate Change written by IAEA and published by International Atomic Energy Agency. This book was released on 2019-09-17 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication explores the diverse range of impacts on the energy sector resulting from gradual climate change and extreme weather events, and the potential ways to counter them. All elements of the supply chain are explored: resource base, extraction and transport of depletable energy sources, power generation, transmission and distribution. The publication includes three case studies which assess the energy sector vulnerability of Argentina, Pakistan and Slovenia.