Impacts of climate change on the power industry and how it is adapting

Abstract

The Electrical Power and Energy Industry (the Power Industry) is facing great challenges with the transition to renewable energy options and sustainability (the Green Revolution) and the growing incidence of intelligent grid technology developments to encourage Customer-side responses (Smart Grid). At the same time, there is the definite need to meet continued demand growth (albeit slower) on top of the need for refurbishment and replacement of ageing assets and human resources (the looming Skills Gap) while coping with Climate Change and maintaining reliable and price competitive energy services in a safe and healthy environment and economy.