As the world transitions to a more sustainable global energy future, many people now depend on the weather more than ever before. At the same time, existing and emerging energy infrastructures are exposed to more frequent and severe weather events.
In an age of increased digitalization, converging and decentralizing technologies, and the continued concentration of people and assets in cities, extreme weather events (such as wildfires, floods, storms and ice storms) are emerging and systemic risks. Governments and businesses are challenged to understand and address the broader and faster shifting landscape of risks to an energy system in transition.
Extreme Weather Research Project
Marsh & McLennan Companies, together with the World Energy Council and Swiss Re Corporate Solutions, launched the extreme weather impact case study project in 2018 to identify agile and adaptive responses to extreme weather impacts on energy systems.
The project was designed to identify and share best practices within the energy community by drawing on the learnings from real-life weather events collected through interviews with energy producers and operators, local and provincial governments, and energy regulators.
A Blueprint for Building Dynamic Resilience to Extreme Weather
The findings from the first 10 case studies are synthesized in a new online resource from the World Energy Council. These identify the system failures triggered by extreme weather events, the impacts of these failures, and lessons learned from mitigation and recovery.
The project findings demonstrate how the World Energy Council’s Dynamic Resilience Framework can be used in event response analysis. By applying the Framework criteria, stakeholders including companies, regulators and governments can identify potential gaps and strengths in resilience.