This book examines the spectrum of risks posed to the development, financing, construction and operation of trans-boundary energy infrastructure and the tools that may be deployed to manage these risks

ENERGY EFFICIENCY uses an applied scientific methodology and case studies to demonstrate and support: The need for the U.S. and the world to commit to energy and resource efficiency as the central goal in investing in electric, heat, and cooling infrastructure, the huge economic opportunity for using the inefficiency built into 20th century energy supply systems, especially, electric, to pay for the upgrades, replacements, and new production and distribution systems of the 21st century, the importance of adopting a standard, web-based energy infrastructure investment decision-making and risk management tool that will serve as a communication medium for all stakeholders to evaluate and compare energy infrastructure investment options and manage investment risks, expansions of the U.S. ‘smart’ grid investment to include evaluation and risk management of energy systems infrastructure investments not just electricity operations, the need to adopt a ‘framework’ for utilities, energy service companies, and customers to work together to close business deals, communicate and manage risks, and realize profits.

GARP's Fundamentals of Energy Risk Management introduces investors to the basic components and some of the basic terminology used in the energy industry. It covers the commodity cycle, energy use and sources, and various risk types, various energy products and the markets where energy is traded. It also introduces certain risk management fundamentals and real option thinking. The book is GARP's required text used by risk professionals looking to obtain their Certificate in Energy Risk Management.

Energy risk and security have become topical matters in Western and international policy discussions; ranging from international climate change mitigation to investment in energy infrastructures to support economic growth and more sustainable energy provisions. As such, ensuring the resilience of more sustainable energy infrastructures against disruptions has become a growing concern for high-level policy makers. Drawing on interviews, participant observation, policy analysis, and survey research, this book unpacks the work of the authorities, electricity companies, and lay persons that keeps energy systems from failing and helps them to recover from disruptions if they occur. The book explores a number of important issues: the historical security policy of energy infrastructures; control rooms where electricity is traded and maintained in real time; and electricity consumers in their homes. Presenting case studies from Finland and Scandinavia, with comparisons to the United States, the United Kingdom, and the European Union at large, Making Electricity Resilient offers a detailed and innovative analysis of long-term priorities and short-term dynamics in energy risk and resilience. This book will be of great interest to students and scholars of energy policy and security, and science and technology studies.

Climate change affects virtually every aspect of the U.S. energy system. As climatic effects such as rising seas and extreme weather continue to appear across many geographies, U.S. energy infrastructure is increasingly at risk. The U.S. Gulf Coast--which is home to 44 percent of total U.S. oil refining capacity and several major ports--is highly vulnerable to flooding events and dangerous ocean surges during severe storms and hurricanes. The link between water availability and energy and electricity production creates another layer of risk to U.S. energy security. Climate risk could manifest not only in physical damages, but also in financial market failures. Climate change-related challenges could impede energy firms' access to capital markets or private insurance markets. Already, climate-related risks have created severe financial problems at a handful of U.S. energy firms, forcing them to interrupt their sales of energy to consumers in particular locations. Over time, climatic disruptions to domestic energy supply could entail huge economic losses and potentially require sizable domestic military mobilizations. The United States is ill prepared for this national security challenge, and public debate about emergency preparedness is virtually nonexistent. To explore the challenges of climate risk to the U.S. energy system and national security, the Council on Foreign Relations organized a two-day workshop in New York, on March 18 and 19, 2019. The gathering of fifty participants included current and former state and federal government officials and regulators, entrepreneurs, scientists, investors, financial- and corporate-sector leaders, credit agencies, insurers, nongovernmental organizations, and energy policy experts. During their deliberations, workshop participants explored how climate-related risks to U.S. energy infrastructure, financial markets, and national security could be measured, managed, and mitigated. Impact of Climate Risk on the Energy System summarizes the insights from this workshop and includes contributions from seven expert authors delving into related topics.

Critical energy infrastructure such as oil and gas pipelines, storage facilities and electricity grids are increasingly becoming the target of criminal and terrorist attacks. This book contains the papers presented at the NATO Advanced Research Workshop (ARW) ‘The Protection of Critical Energy Infrastructure against Emerging Security Challenges’, held in Tbilisi, Georgia, in November 2014.The main objective of this ARW was to investigate the security risks to critical energy infrastructure, namely cyber and terrorist attacks, as well as to identify opportunities for public-private partnerships to meet these risks. The workshop served as a forum for experts and stakeholders from government, academia and the private sector to exchange information and best practice and to produce findings and recommendations for integrated security solutions involving close cooperation between public and private stakeholders. Underlining the importance of a holistic approach to European energy security, this book will be of interest to all those involved in protecting critical energy infrastructure from a diverse range of threats.

According to the National Research Council (NRC) and the U.S. Global Change Research Program (USGCRP), changes in the earth's climate are under way and expected to grow more severe over time. These impacts present significant risks to the nation's energy infrastructure. Economic losses arising from weather-related events have been large and are increasing. Adaptation -- an adjustment to natural or human systems in response to actual or expected climate change -- is a risk-management strategy to help protect vulnerable sectors and communities that might be affected by climate change. This report examines: (1) what is known about potential impacts of climate change on U.S. energy infrastructure; (2) measures that can reduce climate-related risks and adapt energy infrastructure to climate change; and (3) the role of the federal government in adapting energy infrastructure and adaptation steps selected federal entities have taken. Table and figures. This is a print on demand report.