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Comparative Assessment of Accident Risks in the Energy Sector

In: Handbook of Risk Management in Energy Production and Trading

Author

Listed:
  • Peter Burgherr

    (Laboratory for Energy Systems Analysis Paul Scherrer Institut)

  • Stefan Hirschberg

    (Laboratory for Energy Systems Analysis Paul Scherrer Institut)

  • Matteo Spada

    (Laboratory for Energy Systems Analysis Paul Scherrer Institut)

Abstract

This chapter is structured in five parts. The introduction discusses the relevance of accidents in the energy sector and puts them into the broader perspective of sustainability, energy security, and critical infrastructure protection. Furthermore, an overview of various risk assessment concepts is given. The second part provides a detailed overview of the comprehensive framework for comparative risk assessment developed by the Paul Scherrer Institut (PSI), at the core of which is the energy-related severe accident database (ENSAD). Third, a broad range of risk indicators and other measures are described and calculated allow for an objective, fair, and quantitative comparison of accident risks across a broad range of fossil, nuclear, and renewable technologies. This evaluation is complemented by a compilation of additional risk factors that can play a key role in decision processes and stakeholder interaction. However, for the time being they are often not amenable to full quantification because they cannot be described and analyzed by traditional risk metrics mainly focusing on consequences or because only limited historical experience is available. The chapter ends with a summary of the main findings and conclusions that can be drawn from comparative risk assessment as well as their potential implications for policy making.

Suggested Citation

  • Peter Burgherr & Stefan Hirschberg & Matteo Spada, 2013. "Comparative Assessment of Accident Risks in the Energy Sector," International Series in Operations Research & Management Science, in: Raimund M. Kovacevic & Georg Ch. Pflug & Maria Teresa Vespucci (ed.), Handbook of Risk Management in Energy Production and Trading, edition 127, chapter 0, pages 475-501, Springer.
    • Handle: RePEc:spr:isochp:978-1-4614-9035-7_18
    DOI: 10.1007/978-1-4614-9035-7_18
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    Citations

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    Cited by:

    1. Cergibozan, Raif, 2022. "Renewable energy sources as a solution for energy security risk: Empirical evidence from OECD countries," Renewable Energy, Elsevier, vol. 183(C), pages 617-626.
    2. Spada, Matteo & Paraschiv, Florentina & Burgherr, Peter, 2018. "A comparison of risk measures for accidents in the energy sector and their implications on decision-making strategies," Energy, Elsevier, vol. 154(C), pages 277-288.
    3. Matteo Spada & Peter Burgherr, 2020. "Comparative Risk Assessment for Fossil Energy Chains Using Bayesian Model Averaging," Energies, MDPI, vol. 13(2), pages 1-21, January.
    4. Hirschberg, Stefan & Bauer, Christian & Burgherr, Peter & Cazzoli, Eric & Heck, Thomas & Spada, Matteo & Treyer, Karin, 2016. "Health effects of technologies for power generation: Contributions from normal operation, severe accidents and terrorist threat," Reliability Engineering and System Safety, Elsevier, vol. 145(C), pages 373-387.

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