The Economics of Climate Resilience in Power Infrastructure

The Economics of Climate Resilience in Power Infrastructure Full-scope economic perspectives on planning, operations management, and maintenance of climate resilience building measures in power infrastructure The Economics of Climate Resilience in Electric Power Infrastructure sheds light on the engineering economics of climate adaptation in electric power infrastructure by covering the relevant decision-making processes involved in managing risk and resilience in these systems. The book offers a system-level perspective along with detailed modeling of the most pressing resilience issues, while also providing detailed numerical examples on small test systems throughout the text to help readers see the outcomes of models. The book starts with an introduction to risk management and the techno-economic considerations for resilience building measures in power systems. Next, economic concepts and mechanisms for managing climate risk in power systems are introduced. Afterward, an economic model for resilience investment in these systems against climate shocks is presented. The authors then discuss an economic asset management model for long-term resilience building in critical infrastructure assets. Subsequently, an economic model for operations management during disasters is proposed, followed by a model for post-disaster restoration. Written by a pair of distinguished thought leaders, the book explores other topics such as: Microgrid applications for decentralization, along with an economic model for resilience-oriented microgrid operationsA deep defense framework for climate risk management in power systems, along with other factors influencing their operational and financial resilienceEssential climate risk financing mechanisms and techno-economic factors in managing risk and resilience in the face of wildfires, heat waves, and hurricanesSteps for utility and infrastructure owners to recover from climate shocks and natural disasters, for the benefit of shareholders, ratepayers, and policymakers The Economics of Climate Resilie Autor: Ali (University of Denver) Arabnya, Amin (University of Denver) Khodaei Wydawnictwo: John Wiley & Sons Inc Rok wydania: 2024 Okładka: twarda Liczba stron: 256 Wymiary: 23.7 x 15.9 x 2.2 cm Język: angielski ISBN: 9781394220755