Electric Utilities Face Difficulties Managing Climate Change Threats
By Tracey de Morsella on August 21, 2009
According to a new report released yesterday by IBM, nearly all electric utilities claim climate change is threatening power outages, higher costs and changes in usage as demand grows to power the world’s expanding cities. Over ninety percent of global electric utilities that report climate change activity to the Carbon Disclosure Project recognized they are at risk from changes in climate and water availability, which are already adding stress to the sector. However, less than a third claimed to undertake any financial or quantified evaluation to the impact of climate change on their business.
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