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Climate Blackout

Shedding light on adaptation among energy and power companies.

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11/12/2025

Advancing climate risk management in the Energy and Power sector

The energy and power industry faces increasing exposure to physical climate risks, including floods, heatwaves, and storms, which threaten asset integrity, operational continuity, and financial stability. Traditional risk assessment methods relying on historical data are insufficient to address the evolving nature of these risks.

Climate blackout: Shedding light on adaptation among energy and power companies consolidates insights from forward-looking risk assessments Marsh conducted across European energy and power companies in recent years.  

This whitepaper enhances understanding of climate-related risks and presents strategies to effectively manage and mitigate their impact.

Key challenges addressed include:

  • Establishing a comprehensive baseline of current climate risk exposure.
  • Incorporating critical factors into forward-looking physical climate risk models.
  • Evaluating operational and financial implications of climate adaptation measures.
  • Navigating emerging trends in risk financing and insurance solutions.
  • Leveraging empirical data and case studies from leading European energy and power organisations.

Given the increasing frequency and severity of climate-related events, embedding forward-looking climate risk assessments into risk management frameworks is critical to safeguarding assets, operations, and financial performance.

The whitepaper provides a comprehensive resource to inform strategic decision-making and strengthen resilience in the energy and power sector.

Whitepaper

Climate blackout: Shedding light on adaptation among energy and power companies

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