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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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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But a growing number of analysts now argue that this pessimism is becoming outdated.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

           

GETTY IMAGES

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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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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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.

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What Happens to Earth if the US Exits the Climate Deal?

           

Credit:  AP Photo/Jim Cole, File

washingtonpost.com - Associated Press - May 27, 2017

 . . . In an attempt to understand what could happen to the planet if the U.S. pulls out of Paris, The Associated Press consulted with more than two dozen climate scientists and analyzed a special computer model scenario designed to calculate potential effects.

Scientists said it would worsen an already bad problem, and make it far more difficult to prevent crossing a dangerous global temperature threshold.

 . . . “The U.S. matters a great deal . . . That amount could make the difference between meeting the Paris limit of two degrees and missing it” . . . 

While scientists may disagree on the computer simulations they overwhelmingly agreed that the warming the planet is undergoing now would be faster and more intense.

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Are Solar and Wind Really Killing Coal, Nuclear and Grid Reliability?

           

Lessons from the Lone Star State: A surge in wind power on the Texas grid didn’t cause reliability problems (and brought down electricity prices) because regulators improved the efficiency of wholesale electricity markets. Sarah Fields Photography/Shutterstock.com

theconversation.com - by Joshua D. Rhodes, Michael E. Webber, Thomas Deetjen and Todd Davidson - May 11, 2017

U.S. Secretary of Energy Rick Perry in April requested a study to assess the effect of renewable energy policies on nuclear and coal-fired power plants.

Some energy analysts responded with confusion, as the subject has been extensively studied by grid operators and the Department of Energy’s own national labs. Others were more critical, saying the intent of the review is to favor the use of nuclear and coal over renewable sources.

So, are wind and solar killing coal and nuclear? Yes, but not by themselves and not for the reasons most people think. Are wind and solar killing grid reliability? No, not where the grid’s technology and regulations have been modernized. In those places, overall grid operation has improved, not worsened.

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