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Economics - NY

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This working group is focused on discussions about economics.

The mission of this working group is to focus on discussions about economics.

Members

Albert Gomez Amanda Cole Irilin Kathy Gilbeaux mdmcdonald

Email address for group

economics-ny@m.resiliencesystem.org

231 Mayors Call on Congress to Extend the Solar Investment Tax Credit

                                                           

CLICK HERE - LETTER - Mayors Support the Solar Investment Tax Credit (7 page .PDF document)

solarnovus.com - 22 October 2019

A bipartisan group of 231 mayors from Tacoma, Wash to Ft. Lauderdale, Fla. sent a letter to Congress today urging them to pass the Renewable Energy Extension Act (HR 3961/S. 2289), a five-year extension of the solar Investment Tax Credit (ITC).

“More than 200 mayors from 39 states are stepping up to defend the ITC,” said Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA). “Mayors are increasingly turning to solar energy to fight the effects of climate change and generate millions of dollars of private investment in their cities.

(CLICK HERE - READ COMPLETE ARTICLE)

CLICK HERE - HR 3961

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New Solar + Battery Price Crushes Fossil Fuels, Buries Nuclear

           

BARREN RIDGE, CA - APRIL 4: The new project will join the current large Barren Ridge solar panel array in Kern County, California. (Photo by George Rose/Getty Images)GETTY IMAGES

CLICK HERE - Kern County, CA - Eland 1 Solar Project

forbes.com - by Jeff McMahon - July 1, 2019

Los Angeles Power and Water officials have struck a deal on the largest and cheapest solar + battery-storage project in the world, at prices that leave fossil fuels in the dust and may relegate nuclear power to the dustbin.

Later this month the LA Board of Water and Power Commissioners is expected to approve a 25-year contract that will serve 7 percent of the city's electricity demand at 1.997¢/kwh for solar energy and 1.3¢ for power from batteries.

"This is the lowest solar-photovoltaic price in the United States," said James Barner, the agency's manager for strategic initiatives, "and it is the largest and lowest-cost solar and high-capacity battery-storage project in the U.S. and we believe in the world today. So this is, I believe, truly revolutionary in the industry."

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Underwater: Rising Seas, Chronic Floods, and the Implications for US Coastal Real Estate (2018)


CLICK HERE - STUDY - Union of Concerned Scientists - Underwater - Rising Seas, Chronic Floods, and the Implications for US Coastal Real Estate (28 page .PDF document)

ucsusa.org - June 2018

Sea levels are rising. Tides are inching higher. High-tide floods are becoming more frequent and reaching farther inland. And hundreds of US coastal communities will soon face chronic, disruptive flooding that directly affects people's homes, lives, and properties.

Yet property values in most coastal real estate markets do not currently reflect this risk. And most homeowners, communities, and investors are not aware of the financial losses they may soon face.

This analysis looks at what's at risk for US coastal real estate from sea level rise—and the challenges and choices we face now and in the decades to come.

(CLICK HERE - READ COMPLETE ARTICLE)

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Most U.S. Companies Say They are Planning to Transition to a Circular Economy

But the definition of circular economy remains unhelpfully broad.

fastcompany.com - by Adele Peters - February 5, 2019

When Amsterdam’s Schiphol Airport remodeled a terminal, it didn’t buy light bulbs; instead, the company signed a contract for “light as a service” from Signify, the company formerly known as Philips Lighting. Signify owns the physical lights, giving it the incentive to make products that last as long as possible and that can be easily repaired and recycled if anything breaks.

The service is one example of a shift to a circular economy model. Rather than just mining materials and manufacturing products that ultimately end up in landfills, companies are increasingly trying to figure out how to use resources in closed loops.

(CLICK HERE - READ COMPLETE ARTICLE)

 

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Corporate America Is Getting Ready to Monetize Climate Change

           

A highway stands immersed in floodwaters from Hurricane Harvey in West Columbia, Texas, on Aug. 30.  Photographer: Luke Sharrett/Bloomberg

CLICK HERE - CDP - Company Scores

bloomberg.com - by Christopher Flavelle - January 22, 2019

Bank of America Corp. worries flooded homeowners will default on their mortgages. The Walt Disney Co. is concerned its theme parks will get too hot for vacationers, while AT&T Inc. fears hurricanes and wildfires may knock out its cell towers.

The Coca-Cola Co. wonders if there will still be enough water to make Coke.

As the Trump administration rolls back rules meant to curb global warming, new disclosures show that the country’s largest companies are already bracing for its effects. The documents reveal how widely climate change is expected to cascade through the economy -- disrupting supply chains, disabling operations and driving away customers, but also offering new ways to make money.

(CLICK HERE - READ COMPLETE ARTICLE)

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New Report Strengthens Economic Case for Flood-Prepared Infrastructure

           

Hurricane Floyd submerged the Greenville, North Carolina, water treatment plant in 1999. Following that event, the city used a federal grant to construct a berm and pumping station to protect the plant.  Dave Gatley/Federal Emergency Management Agency

Mitigation projects yield positive return on investment in coastal, inland states

CLICK HERE - REPORT - Natural Hazard Mitigation Saves: Utilities and Transportation Infrastructure (122 page .PDF report)

pewtrusts.org - by Forbes Tompkins - November 20, 2018

From elevating roadways in Nebraska to moving wastewater treatment plants away from flood plains in Iowa, proactive measures before flooding can provide a major return on investment, according to a new report from the National Institute of Building Sciences (NIBS). The report, “Natural Hazard Mitigation Saves: Utilities and Transportation Infrastructure,” provides analysis and key examples that underscore the benefits of investing in mitigation measures.

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Super Cheap Earth Element to Advance New Battery Tech to the Industry

           

Purdue researcher Jialiang Tang helped resolve charging issues in sodium-ion batteries that have prevented the technology from advancing to industry testing and use. Credit: Purdue University Marketing and Media

CLICK HERE - STUDY - Ultrasound-assisted synthesis of sodium powder as electrode additive to improve cycling performance of sodium-ion batteries

phys.org - by Kayla Wiles - September 19, 2018

Most of today's batteries are made up of rare lithium mined from the mountains of South America. If the world depletes this source, then battery production could stagnate.

Sodium is a very cheap and earth-abundant alternative to using lithium-ion batteries that is also known to turn purple and combust if exposed to water—even just water in the air.

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Solar Installers Should Bundle Panels With Heat Pumps, Study Says

           

Solar installers could make a better business case for panels bundled with heat pumps and other electric devices that offset natural-gas use, according to the Rocky Mountain Institute. Here, Luminalt solar installer Pam Quan moves a solar panel during an installation on the roof of a home on May 9, 2018 in San Francisco, California. (Photo by Justin Sullivan/Getty Images)

CLICK HERE - REPORT - Rocky Mountain Institute - The Economics of Electrifying Buildings

forbes.com - by Jeff McMahon - September 2, 2018

Solar installers could offer rooftop customers even more savings by bundling solar panels with heat pumps and other electric appliances, according to a recent study by the Rocky Mountain Institute.

RMI studied the carbon benefits and financial costs  of electrification of home heating in four U.S. cities. The carbon reductions were pronounced in three of the four. The financial costs were harder to overcome—unless the electricity comes not from the grid, but from the rooftop.

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