NewEnergyNews: THE PAULSON PIECE, PART 2

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

While the OFFICE of President remains in highest regard at NewEnergyNews, this administration's position on climate change makes it impossible to regard THIS president with respect. Below is the NewEnergyNews theme song until 2020.

The challenge now: To make every day Earth Day.

YESTERDAY

  • ORIGINAL REPORTING: Can California hit 1.5M zero-emission vehicles by 2025?
  • ORIGINAL REPORTING: Corporate demand pushes new generation of utility green tariffs
  • THE DAY BEFORE

  • TODAY’S STUDY: Global Nuclear Now
  • QUICK NEWS, October 17: Top 5 Climate Change Solutions; EVs To Lead By 2030; Diversity In Solar
  • THE DAY BEFORE THE DAY BEFORE

  • TODAY’S STUDY: How Get The Stacked Values Of Battery Storage
  • QUICK NEWS, October 16: Worse Than ‘The New Normal’; New Energy To The Rescue; How Rooftop Solar Cuts Everybody’s Power Bills
  • THE DAY BEFORE THAT

  • Weekend Video: Bloomberg To Colbert – New Energy Is The Answer
  • Weekend Video: Global New Energy Keeps Coming On
  • Weekend Video: The Long Reach Of New Energy
  • THE LAST DAY UP HERE

    AND THE DAY BEFORE THAT

    THINGS-TO-THINK-ABOUT THURSDAY, October 12:

  • TTTA Thursday-Big Work Now Ahead On Climate Change
  • TTTA Thursday-New Energy Ready To Take Over In The New South
  • TTTA Thursday-How The Ocean Can Store New Energy
  • TTTA Thursday-Indiana Nun Fights For Solar
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    Founding Editor Herman K. Trabish

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    click image for more info about the Sunstock Solar Festival

    Research Associate and Contributing Editor Jessica R. Wunder

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

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    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

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  • THINGS-TO-THINK-ABOUT THURSDAY, October 19:

  • Greenpeace Report Card On IT Green
  • Solar, Utilities Still Fighting For Smart Policy
  • Texas Shifts Love To Wind From Coal
  • Flying Amazon Drone To Charge EVs On The Go

    Thursday, June 26, 2014

    THE PAULSON PIECE, PART 2

    The Coming Climate Crash; Lessons for Climate Change in the 2008 Recession

    Henry M. Paulson Jr., June 21, 2014 (NY Times)

    “The solution can be a fundamentally conservative one that will empower the marketplace to find the most efficient response. We can do this by putting a price on emissions of carbon dioxide — a carbon tax. Few in the United States now pay to emit this potent greenhouse gas into the atmosphere we all share. Putting a price on emissions will create incentives to develop new, cleaner energy technologies.

    “It’s true that the United States can’t solve this problem alone. But we’re not going to be able to persuade other big carbon polluters to take the urgent action that’s needed if we’re not doing everything we can do to slow our carbon emissions and mitigate our risks.

    “I was secretary of the Treasury when the credit bubble burst, so I think it’s fair to say that I know a little bit about risk, assessing outcomes and problem-solving. Looking back at the dark days of the financial crisis in 2008, it is easy to see the similarities between the financial crisis and the climate challenge we now face.

    “We are building up excesses (debt in 2008, greenhouse gas emissions that are trapping heat now). Our government policies are flawed (incentivizing us to borrow too much to finance homes then, and encouraging the overuse of carbon-based fuels now). Our experts (financial experts then, climate scientists now) try to understand what they see and to model possible futures. And the outsize risks have the potential to be tremendously damaging (to a globalized economy then, and the global climate now).

    “Back then, we narrowly avoided an economic catastrophe at the last minute by rescuing a collapsing financial system through government action. But climate change is a more intractable problem. The carbon dioxide we’re sending into the atmosphere remains there for centuries, heating up the planet.

    “That means the decisions we’re making today — to continue along a path that’s almost entirely carbon-dependent — are locking us in for long- term consequences that we will not be able change but only adapt to, at enormous cost. To protect New York City from rising seas and storm surges is expected to cost at least $20 billion initially, and eventually far more. And that’s just one coastal city…” click here for more

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