5.3. Step 6: Develop a Business Case for Selected Measures
p. pp. 35-37
5.3. Step 6: Develop a Business Case for Selected Measures This section overviews the procedure for prioritizing recommended adaptation measures. NS Power has robust existing operating and capital expenditure budgeting processes. Adaptatio...
AI summary This section outlines how NS Power integrates climate change adaptation measures into its existing budgeting processes. High-risk assets and mitigation options are prioritized based on cost, ease of implementation, and expected benefits. Risk management plans are developed collaboratively and approved by management and regulatory bodies. The CEJC process and EAM model are used to evaluate and justify capital expenditures.