Using an economically sensible approach to address climate risks in coastal zones

“Panorama Mississippi River at New Orleans Governor Nicholls Wharf 2012-05-05” by Gates of Ale is licensed under CC BY 3.0
Summary
Energy assets located in coastal zones can be particularly vulnerable to climate risks such has hurricanes and sea level rise. Entergy, an energy company engaged in electric power production and retail distribution operations in U.S. Gulf Coast, is addressing the issue with a consistent framework and fact-based approach to quantify climate risks and develop economically sensible solutions. The expected loss caused by natural hazards over time is calculated in three steps, which considers the extent of the hazard, the value of assets at risk, and the vulnerability of those assets to the hazard. Key uncertainties to address vulnerability to natural hazards include the impact of climate change, the cost, and effectiveness of measures to adapt and the ability to gain alignment and overcome obstacles.
At a Glance
Industry sector: | Generation • Transmission, Distribution, and Transfer |
Type of resources: | Generic |
Type of energy: | Electricity |
Adaptation type: | Management • Insurance and financial risk management |
Organization: | Entergy |
Organization type: | Utility |
Trending Discussions
From around the site...
ECCA Tool-shed – call for interactive and innovative tools!
“The European Climate Change Adaptation conference Tool-shed is the perfect place to showcase software or website try-...”
Innocent Foundation Funding
“Hi all, Just flagging that the Innocent Foundation have got a call for innovative small projects (£30,000-£50,000) on...”
Call for Participation — Tools for People
“What tools do you use to make climate adaptation decisions? What are the barriers to understand and act on climate...”