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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."

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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.

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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.

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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

BNEF - New Energy Outlook 2017

           

bnef.com

Focused on the electricity system, NEO combines the expertise of over 80 market and technology specialists in 12 countries to provide a unique view of how the market will evolve . . . 

 . . . “Renewable energy sources are set to represent almost three quarters of the $10.2 trillion the world will invest in new power generating technology until 2040, thanks to rapidly falling costs for solar and wind power, and a growing role for batteries, including electric vehicle batteries, in balancing supply and demand.”

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When Rising Seas Transform Risk Into Certainty

           

Flooding in North Miami, Florida. A 2013 World Bank study found that Miami is one of the 10 cities most at risk of damage from sea-level rise. Photograph: Joe Raedle/Getty Images

CLICK HERE - STUDY - Amplification of flood frequencies with local sea level rise and emerging flood regimes

thebulletin.org - by Dan Drollette Jr. - June 9, 2017

According to a new study published on Wednesday by researchers from Princeton and Rutgers universities, rare floods will soon become the norm for cities like New York, San Francisco, San Diego, and Seattle, as well as entire states such as Florida and Hawaii. On average, this means a 40-fold increase in the occurence of flood, unless humanity soon cuts back on the amount of carbon we pump into the atmosphere.

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ALSO SEE RELATED ARTICLE HERE - Rare US floods to become the norm if emissions aren't cut, study warns

 

 

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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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