Government Energy Policy, Business and Technology

Climate risks are accelerating. Here's what Duke, PG&E and 16 other utilities expect to pay.

Utility Dive: The risks and liabilities from climate change-related events have taken center stage for financial institutions and investors in the energy space. Such risks and liabilities are also not far from mind for electric utilities, but how do these companies weigh the impact and mitigation costs of their generation, distribution and transmission activities?

The Fourth National Climate Assessment, published in 2018, identified energy infrastructure as being especially vulnerable to the impacts of climate change, which is in part stoked by emissions in the sector. Scientists from 13 federal agencies under the Trump administration warned the economic impacts of climate change on some industrial sectors could outmatch the annual gross domestic product of many U.S. states.

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