Dynamic Resilience Framework

Energy systems are facing multiple and complex risks. The Dynamic Resilience Framework is an integrated approach to emerging risk management that contributes to building capacity for managing the resilience of energy systems and firms.

The World Energy Council is using Dynamic Resilience as an enabling framework for managing emerging and systemic risks to energy systems and firms to enable successful energy transition. Energy security relies on building the dynamic resilience capabilities of energy firms, organisations and communities. The resilience of energy stakeholders to specific events or systemic shifts is not in their direct control but can be enhanced by situational awareness of different types of risk and preparedness for future developments.

The Dynamic Resilience Framework focuses on three workstreams:

  • Extreme Weather: Use case studies to gather lessons learnt form impacts of extreme events on energy systems – identify resilience investment needs.
  • Cyber risks: Policy gaming to drive dialogue and resilient strategy sharing.
  • Geo-spatial analysis: Anticipate and respond to risks to energy assets using visualisations and dynamic mappings.

In developing the Dynamic Resilience framework, we aim to investigate how energy firms and communities could improve their approach to resilience to endogenous or exogenous shocks and disruptive innovations including i) extreme weather and natural hazards, ii) digital and cyber risks and iii) food-energy-water nexus trade-offs.

 

The overarching questions we are exploring are:

  • How might energy systems be designed, priced and managed for dynamic resilience to a diverse range of systemic risks?
  • How will climate change adaptation impact energy systems transition?
  • What examples of risk response from the past can serve as best practice recommendations for a resilient future?