Value at Induced Risk: Injection‐Induced Seismic Risk From Low‐Probability, High‐Impact Events

The increasing number of damaging earthquakes, induced by underground injection of fluids, demonstrates the need of a structured methodology for critical thinking about and clear communication of induced seismic risk. Using the Pohang, South Korea, geothermal project and the damaging (US$75M) local magnitude M L 5.35 induced earthquake in 2017, we present a straightforward methodology that summarizes induced seismic risk in a single...