While climate volatility is impacting everyone, the utility industry is facing the greatest physical risks. Water stress, storms and wildfires are all becoming more important in utility risk management and the forecasting of these impacts is more important than ever. With such widely distributed physical assets it is imperative to understand vulnerabilities.
Using tools like Climatility can help measure and forecast the risk faced by Climate Volatility and what it means to the bottom line.
“Climate change is pushing power, gas and water companies to the frontlines of an intensifying battle against natural disasters that is set to increasingly hit the profits of businesses around the world.
Utilities face the highest combined physical risk from climate hazards like water stress, storms and wildfires among different industries, according to an analysis of data from Trucost.”
Climate Tech Blog 