Unlocking Investment in Power System Resilience: a Review of current Practices and Recommendations

Electricity’s importance to our society, particularly in the radical transition to net zero, has never been greater. Electricity systems globally are at risk from climate change impacts, especially the changing frequency and intensity of extreme weather events. The industry urgently needs to invest in electricity system resilience to respond to evolving and emerging physical climate risks. However, this needs to be embedded into transmission and distribution companies’ investment decisions in a systematic, transparent, and forward-looking manner.