Hidden Costs of Climate Change Running Hundreds of Billions a Year, but solutions can provide better value

By Stephen Leahy, National Geographic, 27 Sep 2017 Extreme weather, made worse by climate change, along with the health impacts of burning fossil fuels, has cost the U.S. economy at least $240 billion a year over the past ten years, a new report has found. And yet this does not include this past month’s three major hurricanes or 76 wildfires in nine Western states. Those …

Coastal property at risk with current climate policies

DOWNTOWN HOUSTON FLOODING FROM SUPERSTORM HARVEY, AUGUST 28, 2017. CREDIT: AP/JASON DEAREN   The massive climate report released by the Trump administration on Friday makes clear that the President’s climate policies will destroy every last bit of U.S. (and global) coastal property in the decades to come. That means more than $1 trillion in U.S. coastal property will eventually be …

Lazard: Wind & Solar Power Costs Continue To Fall, Putting Coal & Nuclear At A Disadvantage

7 Nov 2017 by Steve Hanley on Clean Technica Lazard is a global asset management company that tracks the cost of producing electricity, using a measure called the Levelized Cost of Energy (LCOE), which averages the estimated costs of construction, maintenance, and fuel for electricity generating assets over the number of megawatt-hours that each is expected to produce over its lifetime. In …

Costs of climate change much bigger than we think and much greater for women

24 Oct 2017  Forbes   NOAA Billion dollar weather related disasters through October 6th, 2017. The first thing that caught my eye was a report commissioned by Democratic Senator Maria Cantrell and Republican Senator Susan Collins. The report was released by the bipartisan Government Accountability Office and recommends that the U.S federal government develop a plan to manage climate change risks. The report …

Massive storms and Western Atlantic sea level rise resulted from slightly warmer temperatures and moderate CO2 concentrations over a hundred thousand years ago

Geologic evidence is the forerunner of ominous prospects for a warming Earth, October 12, 2017, Science Daily While strong seasonal hurricanes have devastated many of the Caribbean and Bahamian islands this year, geologic studies on several of these islands illustrate that more extreme conditions existed in the past. A new analysis shows that the limestone islands of the Bahamas and …

Economic impacts, job losses with hurricanes

As Economic Policy Institute Senior Economist Elise Gould wrote, the drop-off in unemployment “was almost certainly due to Hurricane Irma, which struck smack in the middle of the reference period, and the aftermath of Hurricane Harvey.” Over the phone, she told The Intercept that the storms had “a larger effect than I would have expected.” While drawing direct correlations between warming …

One quarter of the US driving population might be better off using ride services rather than owning a car

Up to one-quarter of all U.S. drivers might be better off using ride-sharing services instead. SHARE from CityLab Every day there’s more news about the inevitable arrival of autonomous vehicles. At the same time, more people are using ride-hailing and ride-sharing apps, and the percentage of teens getting their driver’s license continues to decline. Given these technologies and social changes, it’s worth asking: Should Americans stop …

Costs of climate change: increasingly severe storms, more days of Convective Available Potential Energy in the tropics and subtropics

Proceedings of the National Academy of Sciences, by Martin Singh, October 2017 Thunderstorms represent the dramatic release of energy stored in the atmosphere. One measure of this stored energy is called “convective available potential energy”, or CAPE. The higher the CAPE, the more energy is available to power updrafts in clouds. Fast updrafts move ice particles in the cold, upper regions …

Needing to price resilience

Excerpt from Too often electric resilience — the ability to withstand or bounce back from an outage — is an intangible in the minds of energy users, he said. They don’t consider the cost of downtime, even though power outages create clear financial losses that can be quantified – and that microgrids can avert. For example, a supermarket may lose hundreds …

A closer look at carbon taxes in/for the U.S. and Canada and what could work

An essay on the subject by Mark Jaccard of Simon Fraser University on Policy Options: When asked which climate policy in Canada reduced the most CO2 emissions over the last decade, many people guess BC’s well-publicized carbon tax. They’re wrong. It was Ontario’s ban on coal-fired power, which reduced annual emissions by 25 megatonnes (MT). Surely, then, BC’s carbon tax must have …