The road to resilience: managing and financing extreme weather risks

This report focuses on the impacts of extreme weather on the energy sector, emphasizing the need to be smarter, not just stronger. The report notes that the energy system of the future needs to integrate concepts such as soft resilience, local empowerment to ensure quick disaster response, weather risk coverage as part of financing, and that it must consider the downsides of lengthy public procurement in relation to disaster response. According to the report, it is also clear that current estimates for the cost of energy system adaptation do not fully account for the additional financing required to respond to the increasing extreme weather risks.

The report shows how the energy, finance and policy community must engage to provide effective energy resilience. For the financial community, this risk assessment highlights both risks and opportunity.