Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024)

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Climate Disasters, Grid Outages and Economic Losses

Authors
Lingjun Xu1, *, Na Zhong1, Qiang Liu1, Chunyi Tang1, Xiaofen Chen1, Zhanxing Xu1
1China Electric Construction Group East China Survey and Design Institute Co, Chao Wang Road, Hangzhou, 311122, China
*Corresponding author. Email: chw106324@163.com
Corresponding Author
Lingjun Xu
Available Online 19 December 2024.
DOI
10.2991/978-94-6463-598-0_61How to use a DOI?
Keywords
climate disaster; grid blackout; economic loss assessment
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.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
19 December 2024
ISBN
978-94-6463-598-0
ISSN
2352-5428
DOI
10.2991/978-94-6463-598-0_61How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Lingjun Xu
AU  - Na Zhong
AU  - Qiang Liu
AU  - Chunyi Tang
AU  - Xiaofen Chen
AU  - Zhanxing Xu
PY  - 2024
DA  - 2024/12/19
TI  - Climate Disasters, Grid Outages and Economic Losses
BT  - Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024)
PB  - Atlantis Press
SP  - 573
EP  - 582
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-598-0_61
DO  - 10.2991/978-94-6463-598-0_61
ID  - Xu2024
ER  -