Strategic approaches by which energy producers can improve resilience
Covid-19 and the war between Russia and Ukraine have caused energy supply disruptions and crises, endangering the needs of North America and Europe. Several European nations have seen economic downturns, with the cost of electricity shooting up and disrupting industrial and household budgets. Climate change and increasing global average temperatures will also be the key drivers for energy crises. According to the US Environmental Protection Agency, the average global temperature may rise between 0.5°F and 8.6°F by 2100. Despite the environmental challenges and geopolitical events, there will always be a need for energy and businesses to be resilient. Here, we discuss the importance of energy resilience, challenges and roadblocks, ways to boost resilience, and adapting to climate change.
