The report, produced by the WBCSD electric utilities project, explores the climate risks electric utilities face and examines how the industry should act to build resilience. The report provides over 20 practical examples of the different solutions electric utilities companies are putting in place to face these challenges.
The report combines the expertise and best practice of some of the world’s biggest electric utilities including EDF, Statkraft, CLP, Entergy, and Eskom and technology providers ABB and Hitachi.
The CEOs of these companies have today endorsed the report in a letter: “We are convinced that all utilities need to develop adaptation strategies, which will depend on the local circumstances of each asset and utility. Working together in this project demonstrates our belief that electric utilities and our stakeholders can benefit from pooling our learning, exchanging best practices, sharing resources and encouraging mutual aid. It is imperative that we learn the lessons and work together to develop the kind of strategies outlined in the report.”
Peter Bakker, CEO of the WBCSD said: “The Intergovernmental Panel on Climate Change has this week re-confirmed the urgency of addressing climate change – highlighting for me, that climate change is a reality that no industry or sector can ignore. Climate change presents a growing risk for the utilities industry, with rising temperatures and sea levels, the possibility of more strong winds, heat waves, heavy rain and drought. I applaud the member companies who have pooled their expertise to assess the risks and develop robust responses to these challenges.”