7. Operational Climate Change Impact Risk: Services, assets and budgets at risk from climate related failure and global effects on the energy system
Risk Title and Description
Operational Climate Change Impact Risk: Services, assets and budgets at risk from climate related failure and global effects on the energy system.
Service: Net Zero & Business
Date identified: 6 February 2023
Owner: Net Zero Project Manager
Target implementation date: 2030
Potential Causes:
- Power outages as result of wind, heat, ice and snow
- Impact of global conflict affecting national energy supply, security and economic toll
- High cost of increased compliance to ensure sustainable services and assets
Potential Impacts:
- Essential services not being carried out
- High expenditure/ budget overspend/ affordability
- Increase in cost to run services / buildings putting assets at risk of being stranded
Existing Mitigations & Control
What has been done to control the risk?
- Installation of solar PV across corporate estate and Council housing stock to provide energy security
- Installation of battery storage at Water Lane, The Matford Centre, John Lewis Car Park and Riverside Leisure Centre allowing for smart grid use and increased self supply consumption
- Asset improvements including better insulation and energy efficiency
Further Mitigations & Controls to be put into place
- Continue to investigate renewable energy opportunities to identify and fund solar PV and other renewable energy supply opportunities for the corporate estate and housing
Notes
Funding required is limited by scope of grants, and current financial instability including cost of borrowing.
Risk scores
| Risk | Score |
| Likelihood | 3 |
| Impact | 2 |
| Risk score | 6 |
| Risk | Score |
| Likelihood | 2 |
| Impact | 2 |
| Risk score | 4 |