Identifications of renewable energy risks and risk management review

Abstract

This report describes the basis of risk analyses of renewable energy and climate change risk to renewable energy. The report gives a background on risk analysis and management in connection with climate change and renewable energy. It identifies all aspects of renewable energy risks and risks due to climate change. Contributions give precise current types of risks of renewable energy. This report’s novelty is the identification of renewable energy risks due to climate change. It is a background review report. This report concludes that even though the risks of renewable energy to the environment and/or risks of climate change to renewable energy are small compared to fossil fuels, they cannot be ignored. In addition, safeguarding renewable energy deployment is important. This can be achieved through analysing its risks, understanding energy laws and applying energy laws to renewable energy solutions throughout their lifetime. This report is a starting point and contribution to regional renewable energy development and future in-depth risk analyses of renewable energy by combining multidisciplinary fields.