Climate Disasters, Grid Outages and Economic Losses

Lingjun Xu (), Na Zhong, Qiang Liu, Chunyi Tang, Xiaofen Chen and Zhanxing Xu
Additional contact information
Lingjun Xu: China Electric Construction Group East China Survey and Design Institute Co
Na Zhong: China Electric Construction Group East China Survey and Design Institute Co
Qiang Liu: China Electric Construction Group East China Survey and Design Institute Co
Chunyi Tang: China Electric Construction Group East China Survey and Design Institute Co
Xiaofen Chen: China Electric Construction Group East China Survey and Design Institute Co
Zhanxing Xu: China Electric Construction Group East China Survey and Design Institute Co

A chapter in Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024), 2024, pp 573-582 from Springer

Abstract: Abstract This paper assesses the far-reaching economic and social impacts of large-scale power outages on the power grid caused by frequent extreme weather events in the context of global warming. The direct and indirect losses of the large-scale blackout on the society and economy, including casualties and enterprise economic losses, were analyzed, and a comprehensive loss index system was proposed. The paper established an assessment model and quantitatively analyzed the economic losses caused by the blackout through questionnaire survey and data collection. The results show that the direct economic loss caused by the power outage is proportional to the electric load, in which the secondary industry is affected the most, while the primary industry is affected the least. The arithmetic analysis assesses the economic losses under average and maximum daily loads based on 2019 data, and finds that the losses are particularly severe in the third quarter due to high power loads. The paper provides a scientific basis for the government and power companies to respond to major power outages, and is of great significance for building a new type of power system and ensuring social and economic stability.

Keywords: climate disaster; grid blackout; economic loss assessment (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-598-0_61

Ordering information: This item can be ordered from
http://www.springer.com/9789464635980

DOI: 10.2991/978-94-6463-598-0_61

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().