Strategy and risk
Climate change presents businesses with new uncertainties and risks, adding to the challenges they already face.
The more you understand about the potential impacts and risks of climate change for your region, your project and your operations, the better you can prepare, adapt, and build your resilience to climate change impacts. These actions are alongside doing what you can to minimise your carbon footprint and contribute to climate change solutions.
Natural disasters such as floods, typhoons, droughts and heat waves may become more frequent around the world due to climate change. Such events or increased variability in climatic conditions can threaten infrastructure projects, operating businesses and the communities and environments with which they interact.
Building climate resilience into your power and water infrastructure projects can deliver more sustainable assets that are better adapted for future climate change impacts and variability.
Many standard practices or management strategies that businesses use to build resilience to factors such as changes in market, demand, design standards, and policy and legislative requirements can also help build climate resilience. However, it is often possible to identify additional solutions or strategies to provide enhanced resilience to climate change once we start to better understand the risks of climate change to a business or region.
Understanding the likely effects and significance of climate change for your region, your assets or your operations allows you to prepare for and adapt to the anticipated changes and variability in the future climate, and to become more climate resilient.
As part of Hydro Tasmania, Australia’s largest renewable energy producer and water manager, Entura has helped the business to increase its climate resilience. We have the expertise to convert climate change assessments into practical solutions to help you protect your current and future investments.