The successful uptake of clean technologies and renewable power generation depends on investment in smart infrastructure to make energy systems more connected, flexible, efficient, and stable.
Infrastructure, and electricity sector networks will enable orderly energy transitions to mitigate the impacts of climate change, and enhance access to affordable energy services.
The introduction of new digital technologies, in combination with more distributed energy supply and demand sources, create new interfaces with "prosumers," at the grid edge.
This imposes new flexibility and inclusivity demands on network operators that must invest in reinforcing infrastructure as well as deploying new network interconnections.
Rehabilitating and replacing aging infrastructure with systems that are sufficiently agile to manage growing electrification rates and new transport requirements for hydrogen and carbon dioxide, requires multistakeholder-cooperation to reduce regulatory hurdles and accelerate permitting.
Reliance on digital technologies and off grid solutions create vast opportunities but raise cyber-security and grid stability concerns as well.
These call for greater optionality and more robust emergency response mechanisms to ensure networks and critical infrastructure continue to provide reliable and affordable services to all and can withstand extreme weather events.
The Fourth Virtual GARP-IEF Risk Forum explored how critical energy networks and infrastructure would adapt to rising climate demands and a more dynamic market environment while addressing longstanding energy equity and affordability issues as energy transitions accelerate.
Managing Director, Global Head of Commodity Research, Citi Group
Carmen Elena Cirnu
Vice President Scientific Board, Head of Cybersecurity and Critical Infrastructure, National Institute for Research and Development in Informatics (ICI), Bucharest
Vice President, Government Relations, Canadian Electricity Association
Head of Infrastructure, Gas & Retail, European Union Agency for the Cooperation of Energy Regulators (ACER)
Previous IEF-GARP Virtual Events
- IEF-GARP Global Energy Risk Forum Virtual Series III: Socially Responsible Business Practices and Implementation of Environmental and Social Governance Standards
- IEF-GARP Global Energy Risk Forum Virtual Series II: Exploring Energy Transitions, Sustainability & Green Stimulus
- IEF-GARP Global Energy Risk Forum Virtual Series I: Examining Energy Market Volatility Caused by COVID 19