The Economics of Climate Resilience in Power Infrastructure

"The economic and financial losses caused by climate-related events such as wildfires, heat waves, and hurricanes can reach hundreds of billions of dollars, threatening the financial health and solvency of the utilities and local governments. In addition, they can significantly hinder the ability of utilities and infrastructure owners to recover, which can lead to dire consequences for shareholders, ratepayers, and policymakers. That requires developing a wide range of innovative engineering economic solutions to achieve the financial, operational, and physical resilience expected from a 21st century power infrastructure. Therefore, the economics of resilience should be incorporated in technological solutions to streamline the success of climate adaptation measures in the power & energy industry"--