Past Events

Webinar: Climate Resilience in the Caribbean: Building the Business Case

Webinars 2017Date:  Thursday, February 22
Time: 11:00am San Diego (2:00 pm Washington, DC; GMT/UTC - 8 hours)
Contact: Jacqueline Sanchez

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The 2017 hurricane season has put climate resilience in the Caribbean squarely on the front page. Hurricanes Irma and Maria ripped through the Caribbean with 185-mph winds. These storms affected nine Caribbean islands, reportedly the first time in recent history when this many islands were hit simultaneously. Hurricane Maria damaged about 98 percent of the power transmission and distribution (T&D) network in Dominica. In Barbuda, Irma destroyed the entire electrical grid and severely damaged the island’s generation assets. The resulting service disruptions to essential services and productive sectors have far-reaching impacts on the economy, and can set countries back decades overnight.   And countries that were lucky enough not to be affected substantially this time worry about the next season and the one after that. There is now widespread recognition in the region that the energy system and related infrastructure is “too big to fail” and that something must be done to improve climate resilience.

Join us for a webinar presentation on climate resilience featuring Mark Lambrides, Senior Energy Specialist at the World Bank and Adam Borison, Senior Vice President at Nathan Associates. The focus is on lessons learned, next steps, and building the business case for resiliency.

Mark Lambrides will review the current post-hurricane situation in the Caribbean – what happened and why. He will then discuss the World Bank’s strategic plan to improve resilience. An integrated risk management framework is being developed, consisting of two essential components: (a) enhancing system resilience to maximize its capacity to withstand adverse climatic impacts, through a combination of better planning, improved systems operations, “hardening” of energy assets, and deployment of distributed generation; and (b) being better prepared for rapid resource deployment and response when damages are sustained, and to recover from such events efficiently and quickly.

Adam Borison will discuss the importance of building a business case behind proposed investments in climate resilience, and will illustrate how that case can be developed and communicated. What investments should we make to improve metrics we really care about? How can we provide appropriate incentives – both carrots and sticks – for those investments? How can we finance those investments? He will describe a framework for answering these questions that extends from hazards such as excessive wind and rain, to damage at individual assets and interdependent networks, and ultimately to “actionable” metrics involving access to energy, food, water, telecommunications and healthcare.

The one-hour webinar will be held on Thursday, February 22 at 11:00am San Diego (2:00 pm Washington, DC; GMT/UTC - 8 hours). Presentations will be followed by a Q&A session.


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