Risks affecting the energy industry

November 2014 to ongoing

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About the project

Risks like extreme weather or cyber are posing greater threats to the energy sector, impacting both the physical structures and the capital returns needed to evolve our energy system to a more sustainable future. Without a solid understanding of the nature of these risks, appropriate adaptation of infrastructure design, new insurance solutions, and policy and regulatory changes that support financing, the existing investment gap might not be closed – with dramatic consequences for global energy security.

Together with the World Energy Council and Marsh & McLennan Companies, Swiss Re Corporate Solutions, supported by specialists from the European Bank for Reconstruction and Development, have taken assessments on what resilience means for the energy sector.

See full story on financing resilient energy infrastructure.

See full story on Building energy infrastructure for extreme weather at swissre.com.

See the story on energy, food, and water for all at swissre.com.

See full story on cyber risk in the energy sector.

See all information on Managing and financing extreme weather risk published by the World Energy Council.

See World Energy Council media information on extreme weather risk.

 

 

 

Activities

Agostino Galvagni interview in World Energy Focus magazine Issue 16 2015

Interview with Agostino Galvagni, CEO Swiss Re Corporate Solutions

In an interview with the magazine 'World Energy Focus',the CEO of Swiss Re Corporate Solutions, Agostino Galvagni, says the energy industry and investors now need to assess the impact of unexpected extreme weather events much more than in the past. Download the magazine below (interview featured on pages 3 & 4).

Related links:

World Energy Focus Magazine October 2015

World Energy Council

World Energy Council: Extreme Weather Industry & Expert Forum

This workshop on the impact of extreme weather and climate change on the energy sector is part of a series that elaborates different risks to the energy sector. In particular, this workshop elaborated on the physical and economic impact of extreme weather events, drivers and trends in regard to extreme weather and climate change, physical and technical defensive measures, and solutions for energy infrastructure financing. Participation is by invitation only.

Related links:

World Energy Council: Extreme Weather Industry & Expert Forum

Risk Talk on evolving energy infrastructure: building resiliency

Energy security is a common responsibility. With climate change and extreme weather, new energy sources coming on stream and large price fluctuations, this is not a responsibility to be taken lightly.

Related links:

Risk Talk on evolving energy infrastructure

Publications

WEC

World Energy Perspective: The road to resilience − managing and financing extreme weather risks

The first report of the project "Financing resilient energy infrastructure", entitled "The road to resilience − managing extreme weather risks", addresses the key emerging weather risks for the energy industry and how to manage them. It also describes innovative insurance solutions and suggests policy changes in order to receive the investments necessary for change.

Year: 2015

The road to resilience - Managing the risks of the energy-water-food nexus

The second report of the project "Financing resilient energy infrastructure", entitled "The road to resilience − managing the risks of the energy-water-food nexus", focuses on the understanding how the energy sector can better manage impacts on land and water. The report provides recommendations for the energy industry to work together with the financial and insurance community, investors and policymakers to share and promote measures that must be incorporated into energy infrastructure design and investment decisions in order to cope with water scarcity. For further information, please visit the World Energy Council side. https://www.worldenergy.org/publications/2016/the-road-to-resilience-managing-the-risks-of-the-energy-water-food-nexus/

Year: 2016

World Energy Perspectives: The road to resilience: Managing cyber risks

World Energy Perspectives: The road to resilience: Managing cyber risks

This publication by the World Energy Council is developed in cooperation with Swiss Re Corporate Solutions and Marsh & McLennan Companies. Cyber is the third risk dimension investigated as part of the Financing Resilient Energy Infrastructure initiative (besides extreme weather and energy-food nexus). Drawing on insights from a network of energy industry experts, the report assesses the ways in which vulnerabilities in current and new energy infrastructures are changing. The report recommends actions that energy decision makers and stakeholders can take – individually and collaboratively – to improve the sector’s response to rising cyber threats, as part of a wider move towards resilience.

Year: 2016

World Energy Perspective: The road to resilience − financing resilient energy infrastructure

World Energy Perspective: The road to resilience − financing resilient energy infrastructure

This publication by the World Energy Council is developed in cooperation with Swiss Re Corporate Solutions and Marsh & McLennan Companies with a goal to identify key risks and challenges in financing resilient energy infrastructure. It examines emerging risks such as extreme weather, energy-water-food nexus and cyber, and proposes measures to respond through improved financing conditions for investments in energy infrastructure, including financial risk management.

Year: 2016

Videos

Partners