The Nation’s economic security is increasingly dependent on an affordable and reliable supply of energy. Every sector of the economy depends on energy, from manufacturing to agriculture, banking, healthcare, telecommunications, and transportation. Increasingly, climate change and extreme weather events are affecting the energy system, threatening more frequent and longer-lasting power outages and fuel shortages. Such events can have cascading impacts on other critical sectors, potentially affecting the Nation’s economic and national security. At the same time, the energy sector is undergoing substantial policy, market, and technology-driven changes that are projected to affect these vulnerabilities.
Energy Supply, Delivery, and Demand: Key Messages
- Nationwide Impacts
The Nation’s energy system is already affected by extreme weather events, and due to climate change, it is projected to be increasingly threatened by more frequent and longer-lasting power outages affecting critical energy infrastructure and creating fuel availability and demand imbalances. The reliability, security, and resilience of the energy system underpin virtually every sector of the U.S. economy. Cascading impacts on other critical sectors could affect economic and national security.
- Changing Vulnerabilities
Changes in energy technologies, markets, and policies are affecting the energy system’s vulnerabilities to climate change and extreme weather. Some of these changes increase reliability and resilience, while others create additional vulnerabilities. Changes include the following: natural gas is increasingly used as fuel for power plants; renewable resources are becoming increasingly cost competitive with an expanding market share; and a resilient energy supply is increasingly important as telecommunications, transportation, and other critical systems are more interconnected than ever.
- Improving Resilience
Actions are being taken to enhance energy security, reliability, and resilience with respect to the effects of climate change and extreme weather. This progress occurs through improved data collection, modeling, and analysis to support resilience planning; private and public–private partnerships supporting coordinated action; and both development and deployment of new, innovative energy technologies for adapting energy assets to extreme weather hazards. Although barriers exist, opportunities remain to accelerate the pace, scale, and scope of investments in energy systems resilience.
The “Energy Supply, Delivery, and Demand” publication is available as a downloadable PDF at Link to Source…