Creating a climate change risk assessment procedure

Hydropower plant case, Finland

Research output: Contribution to journalArticleScientificpeer-review

6 Citations (Scopus)

Abstract

This paper examines the risk assessment procedure for a Nordic hydropower production process while taking climate change into account. It is evident that climate change poses new risks and concerns for hydropower companies, especially with regards to the high uncertainty that results from the ignorance of relationships between climate change and hydropower production (descriptive uncertainty). However, climate change may also provide opportunities. This paper focuses on the development of a risk assessment procedure to support the risk identification process as a means of reducing the descriptive uncertainty. The intention of the study was to develop and test a procedure in which climate scenarios and traditional technical risk assessment have been integrated. This allows us to obtain a practical method as well as associated support tools for identifying and evaluating climate change-related risks and opportunities for hydropower plants. This new procedure is intended to help hydropower plants plan their future investments and strategies by identifying and prioritizing the risks caused and opportunities created by climate change. The study was conducted as a part of the Nordic Energy Research funded Climate and Energy Systems (CES) project and was coordinated by VTT Technical Research Centre of Finland.
Original languageEnglish
Pages (from-to)282-294
Number of pages13
JournalHydrology Research
Volume41
Issue number3-4
DOIs
Publication statusPublished - 2010
MoE publication typeA1 Journal article-refereed

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risk assessment
climate change
climate
energy

Keywords

  • climate change
  • climate scenarios
  • emerging risks
  • hydropower
  • risk assessment procedure
  • uncertainty

Cite this

@article{15c1643beb3247cdb8e6c78bf617d52e,
title = "Creating a climate change risk assessment procedure: Hydropower plant case, Finland",
abstract = "This paper examines the risk assessment procedure for a Nordic hydropower production process while taking climate change into account. It is evident that climate change poses new risks and concerns for hydropower companies, especially with regards to the high uncertainty that results from the ignorance of relationships between climate change and hydropower production (descriptive uncertainty). However, climate change may also provide opportunities. This paper focuses on the development of a risk assessment procedure to support the risk identification process as a means of reducing the descriptive uncertainty. The intention of the study was to develop and test a procedure in which climate scenarios and traditional technical risk assessment have been integrated. This allows us to obtain a practical method as well as associated support tools for identifying and evaluating climate change-related risks and opportunities for hydropower plants. This new procedure is intended to help hydropower plants plan their future investments and strategies by identifying and prioritizing the risks caused and opportunities created by climate change. The study was conducted as a part of the Nordic Energy Research funded Climate and Energy Systems (CES) project and was coordinated by VTT Technical Research Centre of Finland.",
keywords = "climate change, climate scenarios, emerging risks, hydropower, risk assessment procedure, uncertainty",
author = "Riitta Molarius and Jaana Ker{\"a}nen and Jari Schabel and Nina Wessberg",
note = "Project code: 15934",
year = "2010",
doi = "10.2166/nh.2010.123",
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volume = "41",
pages = "282--294",
journal = "Hydrology Research",
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}

Creating a climate change risk assessment procedure : Hydropower plant case, Finland. / Molarius, Riitta; Keränen, Jaana; Schabel, Jari; Wessberg, Nina.

In: Hydrology Research, Vol. 41, No. 3-4, 2010, p. 282-294.

Research output: Contribution to journalArticleScientificpeer-review

TY - JOUR

T1 - Creating a climate change risk assessment procedure

T2 - Hydropower plant case, Finland

AU - Molarius, Riitta

AU - Keränen, Jaana

AU - Schabel, Jari

AU - Wessberg, Nina

N1 - Project code: 15934

PY - 2010

Y1 - 2010

N2 - This paper examines the risk assessment procedure for a Nordic hydropower production process while taking climate change into account. It is evident that climate change poses new risks and concerns for hydropower companies, especially with regards to the high uncertainty that results from the ignorance of relationships between climate change and hydropower production (descriptive uncertainty). However, climate change may also provide opportunities. This paper focuses on the development of a risk assessment procedure to support the risk identification process as a means of reducing the descriptive uncertainty. The intention of the study was to develop and test a procedure in which climate scenarios and traditional technical risk assessment have been integrated. This allows us to obtain a practical method as well as associated support tools for identifying and evaluating climate change-related risks and opportunities for hydropower plants. This new procedure is intended to help hydropower plants plan their future investments and strategies by identifying and prioritizing the risks caused and opportunities created by climate change. The study was conducted as a part of the Nordic Energy Research funded Climate and Energy Systems (CES) project and was coordinated by VTT Technical Research Centre of Finland.

AB - This paper examines the risk assessment procedure for a Nordic hydropower production process while taking climate change into account. It is evident that climate change poses new risks and concerns for hydropower companies, especially with regards to the high uncertainty that results from the ignorance of relationships between climate change and hydropower production (descriptive uncertainty). However, climate change may also provide opportunities. This paper focuses on the development of a risk assessment procedure to support the risk identification process as a means of reducing the descriptive uncertainty. The intention of the study was to develop and test a procedure in which climate scenarios and traditional technical risk assessment have been integrated. This allows us to obtain a practical method as well as associated support tools for identifying and evaluating climate change-related risks and opportunities for hydropower plants. This new procedure is intended to help hydropower plants plan their future investments and strategies by identifying and prioritizing the risks caused and opportunities created by climate change. The study was conducted as a part of the Nordic Energy Research funded Climate and Energy Systems (CES) project and was coordinated by VTT Technical Research Centre of Finland.

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KW - climate scenarios

KW - emerging risks

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JF - Hydrology Research

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