Webinar: Climate Change Resiliency of Canada's Electricity System
Event Date: April 08, 2021
Along with the atmospheric and oceanic temperatures, climate change also increases the variability in weather patterns. The observed and projected changes include—but are not limited to—precipitation patterns and wind patterns, elevated risk of wildfires, more frequent occurrence of heatwaves, stronger and frequent storms, and sea-level rise. Consequently, climate change is changing the weather conditions in which the critical infrastructure systems—including the electric power systems—must operate.
A reliable supply of electricity is critical for the functioning of modern societies. Electric power systems consist of electricity generation, transmission, distribution, and electricity consumers (demand sector). Climate change can impact all sub-systems of the electric power systems.
This study assesses the cost of climate change impacts on Canada’s electric power systems and estimates the associated electricity retail price impacts. The study also assesses the financial risk for the electricity infrastructure investments due to climate change-induced impacts. The study utilizes climate change projections to assess the vulnerability of electric power systems in Canada. The potential infrastructure impacts are mapped to economic impacts by taking into account the occurrence interruptions, the magnitude of damages, cost of repairs, and loss of capacities.
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