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Economics

The mission of this working group is to build sustainable economy and financial balance within resilient social ecologies.

Members

Corey Watts david hastings Elhadj Drame Gina Angiola Kathy Gilbeaux LintonWells
Maeryn Obley mdmcdonald Samuel Bendett

Email address for group

economics@m.resiliencesystem.org

Hurricane Maria Has Made Puerto Rico the Land of Opportunity for Solar Power

           

Leaning on the lines.(Raquel Pérez Puig for Quartz)

qz.com - by Ana Campoy - November 11, 2017

San Juan, Puerto Rico

Seven weeks after hurricane Maria, the traffic lights are still down in San Juan. The narrow, cobbled streets of the city’s historic center, one of the island’s top tourist attractions, turn pitch black as soon as the sun sets. With appliances useless during the blackout, many of the city’s residents can’t cook, store food, or take a real shower.

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Puerto Rico's Storm of Misery

cbsnews.com - by Steve Kroft - November 5, 2017

Many Puerto Ricans have endured the longest blackout in American history following a direct hit from Hurricane Maria. Due to a multitude of factors, some say the lights won't be coming back on anytime soon.

It's safe to say that of all the places in the country, the one that is suffering the most right now is the hurricane-ravaged island of Puerto Rico . . . For the past 46 days, most of them have been without power, the longest blackout in American history. FEMA says it has distributed more food and water there than any disaster its ever been involved in.

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Climate Change Isn’t Just Hurting the Planet – It’s a Public Health Emergency

           

‘Local air pollution around the world kills about 6.5 million people annually.’ Photograph: Alamy Stock Photo

Doctors have revealed that millions are already suffering the effects, in the spread of infectious diseases, uneven crop yields and longer allergy seasons

CLICK HERE - STUDY - The Lancet - Health and climate change - The Lancet Countdown on health and climate change: from 25 years of inaction to a global transformation for public health

theguardian.com - by Christiana Figueres - October 31, 2017

A report just published in the Lancet from the specially created Lancet Countdown initiative, reveals just how bad climate change is for public health. The diagnosis reveals that hundreds of millions of people are already suffering the health impacts of climate change. Its insidious creep is being felt in multiple ways: rising temperatures are hastening the spread of infectious diseases; crop yields are becoming uneven and unpredictable, worsening the hunger and malnourishment for some of the most vulnerable people on the planet; allergy seasons are getting longer; and at times it is simply too hot for farmers to work in the fields.

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Alaskan Towns at Risk from Rising Seas Sound Alarm as Trump Pulls Federal Help

           

Residents of Shishmaref voted to relocate to the mainland, but in common with other Alaskan towns, there is no clear source of funding to do this. Photograph: Andrew Burton/Getty Images

Communities in danger of falling into the sea say assistance from Washington has dried up: ‘It feels like a complete abdication of responsibility on climate change’

theguardian.com - by Oliver Milman - August 10, 2017

The US government’s withdrawal from dealing with, or even acknowledging, climate change may have provoked widespread opprobrium, but for Alaskan communities at risk of toppling into the sea, the risks are rather more personal.

The Trump administration has moved to dismantle climate adaptation programs including the Denali Commission, an Anchorage-based agency that is crafting a plan to safeguard or relocate dozens of towns at risk from rising sea levels, storms and the winnowing away of sea ice.

Federal assistance for these towns has been ponderous but could now grind to a halt, with even those working on the issue seemingly targeted by the administration.

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Utilities companies won't let you sell your own solar power. Why not?

The electric utility sector is broken – but the transformation we need will be virtually impossible so long as a handful of wealthy elites are calling the shots

           

Utilities companies have their sights on ending net-metering: your ability to sell excess power at market rates. Photograph: Rex

CLICK HERE - REPORT - Energy and Policy Institute - Utilities Knew: Documenting Electric Utilities’ Early Knowledge and Ongoing Deception on Climate Change From 1968-2017

theguardian.com - by Kate Aronoff - August 1, 2017

A new report from the US-based Energy and Policy Institute last week found that investor-owned utilities have known about climate change for nearly 50 years – and done everything in their power to stop governments from doing anything about it.

From their commitment to toxic fuels to their corrosive influence on our democracy to their attempts to price-gouge ratepayers, it’s long past time to bring the reign of privately-owned electric utilities to an end.

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To Solve Climate Change, Solve Income Inequality

A new report says that the wider the gap between rich and poor, the more the environment suffers.

           

CREDIT: Pixabay

CLICK HERE - REPORT - Roosevelt Institute - Boiling Points: The Inextricable Links Between Inequality and Climate Change

thinkprogress.org - by Marlene Cimons - May 24, 2017

We often talk about how climate change exacerbates social and economic inequality, but rarely do we consider the opposite: that inequality itself can be a driver of climate change.

“What’s missing from the conversation is what our inequality crisis is doing to our planet,” said Susan Holmberg, a fellow at the Roosevelt Institute and author of a new report that shows how unequal societies inflict more environmental damage than more economically even societies. “One key topic that is still overlooked is how environmental degradation and climate change are themselves the toxic byproducts of our inequality problem,” Holmberg said.

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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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‘Resilience Bonds’: A Secret Weapon Against Catastrophe

           

Resilience bonds could help places vulnerable to natural disasters, like Mexico, better prepare for catastrophe - not just help clean up after it. (Credit: Alamy Stock Photo)

The costs of natural disasters are becoming too much to bear – and it’s driving up premiums no matter where you live. The solution may be a transformative type of insurance never seen before.

bbc.com - by Amanda Ruggeri - May 16, 2017

 . . . People will have to shift their entire thinking about how disaster recovery is funded – and by whom, experts say. “There’s a perception that, following a disaster, the federal government’s role is to make you whole and rebuild homes and infrastructure and community at the federal taxpayer’s expense. And that is simply not true,” Medlock says. “There are limits to what the federal government can – and should – do.”

 . . . Enter a new idea that could transform not only the global economy, but how disasters affect us: a resilience bond. As well as guaranteeing help to communities after a catastrophe, it would help fund projects and strategies they need to become less vulnerable to begin with . . .

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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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US May Be Severely Underestimating Zika's Potential Impact; Costs Could Be in the Billions

Deadly carriers of disease: Aedes aegypti mosquitoes.  Paulo Whitaker | Reuters

Gulf Coast region is vulnerable to Zika attacks

Congress may not appreciate full extent of potential damage

Conservative calculations suggest full impact could exceed $2 billion

CLICK HERE - PLOS - The potential economic burden of Zika in the continental United States

cnbc.com - by Robert Ferris - May 11, 2017

The Zika virus stands to cost the United States billions of dollars, even if few people are infected.

Researchers from several American institutions have calculated that the "virus from Hell" could result in total costs ranging from $183 million to over $1.2 billion, depending on infection rates in several at-risk states in the South.

The researchers warn that infection rates could engender costs that exceed the amounts of money the U.S. government may give for prevention and treatment, if the recent debates over funding are any indication.

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