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Multi-Billion Dollar Electric Grid Risks Need Risk Transfer: Swiss Re

CLICK HERE - REPORT - Swiss Re - LIGHTS OUT: THE RISKS OF CLIMATE AND NATURAL DISASTER RELATED DISRUPTION TO THE ELECTRIC GRID - 25 July 2017

artemis.bm - July 25, 2017

Risks to the electric grid due to severe weather, natural catastrophes and climate change can cause losses in the billions of dollars, and while threats make our energy future more uncertain there is a role for risk transfer and potentially the capital markets in helping to stave off economic disruption.

A new report published by reinsurance firm Swiss Re but authored by students at the Johns Hopkins University School of Advanced International Studies (SAIS) explains that the electric grid is among the most important pieces of our critical infrastructure, but is also one of the most exposed to natural disasters, weather and climate related threats.

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Why are Californian Solar Firms Paying to Give Away Power?

           

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bbc.com - June 29, 2017

California companies are generating so much solar power that firms in other states are getting paid to take it.

The state has been forced into the arrangement to "avoid overloading its own power lines", according to the Los Angeles Times.

The situation doesn't necessarily mean we are "throwing money away", says economist Severin Borenstein, a professor at UC Berkeley's Haas School of Business.

"But it probably is an indication that there are some serious problems in the way we're running the grid and the way we're making investment decisions."

(READ COMPLETE ARTICLE)

 

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Higher Seas to Flood Dozens of US Cities, Study Says; Is Yours One of Them?

CLICK HERE - STUDY - Union of Concerned Scientists - When Rising Seas Hit Home: Hard Choices Ahead for Hundreds of US Coastal Communities (2017)

cnn.com - by Jennifer Gray - July 12, 2017

For the past several years, scientists have been trying to get people to wake up to the dangers that lie ahead in rising seas due to climate change. A comprehensive list now names hundreds of US cities, large and small, that may not make it through the next 20, 50 or 80 years due to sea level rise . . .

 . . . If you live along the coast, your city could be one of them -- meaning you could be part of the last generation to call it home.

"This research hones in on exactly how sea level rise is hitting us first. The number of people experiencing chronic floods will grow much more quickly than sea level itself," Benjamin Strauss, Vice President for Sea Level and Climate Impacts at Climate Central said in reaction to this study.

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When Will Electric Cars Go Mainstream? It May Be Sooner Than You Think

           

A Volkswagen e-Golf electric car being charged in Dresden, Germany, in March. Volkswagen and Tesla each have plans to produce more than 1 million electric vehicles per year by 2025. Credit Fabrizio Bensch/Reuters

CLICK HERE - Bloomberg New Energy Finance (BNEF) - Electric Vehicle Outlook 2017

nytimes.com - by Brad Plumer - July 8, 2017

As the world’s automakers place larger bets on electric vehicle technology, many industry analysts are debating a key question: How quickly can plug-in cars become mainstream?

The conventional view holds that electric cars will remain a niche product for many years, plagued by high sticker prices and heavily dependent on government subsidies.

But a growing number of analysts now argue that this pessimism is becoming outdated. A new report from Bloomberg New Energy Finance, a research group, suggests that the price of plug-in cars is falling much faster than expected, spurred by cheaper batteries and aggressive policies promoting zero-emission vehicles in China and Europe.

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Volvo to Drop Traditional Engines

           

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Carmaker Volvo has said all new models will have an electric motor from 2019.

bbc.com - July 5, 2017

The Chinese-owned firm, best known for its emphasis on driver safety, has become the first traditional carmaker to signal the end of the internal combustion engine.

It plans to launch five fully electric models between 2019 and 2021 and a range of hybrid models . . .

 . . . "The announcement is significant, and quite impressive, but only in a small way. The hybrids they are promising to make might be mild hybrids, anything as basic as a stop-start system."

A stop-start system is one where electricity from batteries restart a car's petrol engine, after it has shut down when the car has come to rest at a junction, or in stationary traffic.

(READ COMPLETE ARTICLE)

ALSO SEE RELATED ARTICLES WITHIN THE LINKS BELOW . . .

CLICK HERE - Volvo, Betting on Electric, Moves to Phase Out Conventional Engines

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Rising Seas to Force Billions from Home

           

weather.com - by Pam Wright - June 28, 2017

CLICK HERE - VIDEO HIGHLIGHTS

CLICK HERE - STUDY - Impediments to inland resettlement under conditions of accelerated sea level rise

An estimated 2 billion people will be displaced from their homes by 2100 due to climate-driven rising seas, a new study says.

Roughly one-fifth of the world's population may become climate change refugees, according to Cornell University. The majority of those will be people who live on coastlines around the world, including about 2 million in Florida alone.

(READ COMPLETE ARTICLE)

ALSO SEE RELATED ARTICLE HERE - Cornell University - Rising seas could result in 2 billion refugees by 2100

 

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Free Resources for Disaster Resilience

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No person or place is immune from disasters or disaster-related losses, and recent events have proven that even prepared communities can be overwhelmed in a state of emergency. Our reports provide guidelines and targeted resources for all stakeholders in a disaster response, including state and local governments, emergency medical services and health care centers. Read these online for free.
CLICK HERE - Related Books

Scientists Just Documented a Massive Recent Melt Event on the Surface of Antarctica

           

An iceberg lies in the Ross Sea with Mount Erebus in the background near McMurdo Station, Antarctica, in November 2016. (AFP/Getty Images)

CLICK HERE - STUDY - Nature Communications - January 2016 extensive summer melt in West Antarctica favoured by strong El Niño

washingtonpost.com - by Chris Mooney - June 15, 2017

Scientists have documented a recent, massive melt event on the surface of highly vulnerable West Antarctica that, they fear, could be a harbinger of future events as the planet continues to warm.

In the Antarctic summer of 2016, the surface of the Ross Ice Shelf, the largest floating ice platform on Earth, developed a sheet of meltwater that lasted for as long as 15 days in some places. The total area affected by melt was 300,000 square miles, or larger than the state of Texas, the scientists report.

That’s bad news because surface meltin g could work hand in hand with an already documented trend of ocean-driven melting to compromise West Antarctica, which contains over 10 feet of potential sea level rise.

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'Spectacular' Drop in Renewable Energy Costs Leads to Record Global Boost

Falling solar and wind prices have led to new power deals across the world despite investment in renewables falling

           

Solar panels on sale at the Naran Tuul market in Ulaanbaatar, Mongolia. Photograph: Seong Joon Cho/Getty Images

CLICK HERE - Global Status Report - REN21 - Renewable Energy Policy Network for the 21st Century

theguardian.com - by Damian Carrington - June 6, 2017

Renewable energy capacity around the world was boosted by a record amount in 2016 and delivered at a markedly lower cost, according to new global data – although the total financial investment in renewables actually fell.

The greater “bang-for-buck” resulted from plummeting prices for solar and wind power and led to new power deals in countries including Denmark, Egypt, India, Mexico and the United Arab Emirates all being priced well below fossil fuel or nuclear options . . .

 . . . The new renewable energy capacity installed worldwide in 2016 was 161GW, a 10% rise on 2015 and a new record, according to REN21, a network of public and private sector groups covering 155 nations and 96% of the world’s population.

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How G.O.P. Leaders Came to View Climate Change as Fake Science

           

A coal-fired power station in Mount Storm, W.Va., in January. The coal industry played an instrumental role in efforts to unwind the Obama administration’s climate policies. Credit Luke Sharrett/Bloomberg

nytimes.com - by Coral Davenport and Eric Lipton - June 3, 2017

The Republican Party’s fast journey from debating how to combat human-caused climate change to arguing that it does not exist is a story of big political money, Democratic hubris in the Obama years and a partisan chasm that grew over nine years like a crack in the Antarctic shelf, favoring extreme positions and uncompromising rhetoric over cooperation and conciliation . . .

<In 2008 Senator John McCain, who had just secured the Republican nomination for President, sounded the alarm on global warming.>

 . . . Since Mr. McCain ran for president on climate credentials that were stronger than his opponent Barack Obama’s, the scientific evidence linking greenhouse gases from fossil fuels to the dangerous warming of the planet has grown stronger.

(READ COMPLETE ARTICLE)

 

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