NewEnergyNews: THE PAULSON PIECE, PART 3

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

  • FRIDAY WORLD HEADLINE-Are Climate Change Denial And Racism Connected?
  • FRIDAY WORLD HEADLINE-Around The World, New Energy Is Booming
  • FRIDAY WORLD HEADLINE-EVs To Boost India Power Delivery
  • THE DAY BEFORE

    THINGS-TO-THINK-ABOUT THURSDAY, June 14:

  • TTTA Thursday-Cut Premature Births By Closing Coal
  • TTTA Thursday-U.S. Ocean Wind Gets Stronger
  • TTTA Thursday-Nothing Can Hold Solar Back
  • THE DAY BEFORE THE DAY BEFORE

  • ORIGINAL REPORTING: Join or die: How utilities are coping with 100% renewable energy goals
  • ORIGINAL REPORTING: Massachusetts and California provide different lessons on growing community solar
  • THE DAY BEFORE THAT

  • TODAY’S STUDY: Solar Is Coming And Utilities Better Get Ready
  • QUICK NEWS, June 12: Trump-Appointed NASA Head Affirms Climate Science; Southeastern Cities Joining The Climate Fight
  • THE LAST DAY UP HERE

  • TODAY’S STUDY: New Energy Portfolios As Power Plants
  • QUICK NEWS, June 11: New Energy Is The Only Fix; New Energy Is Where The Jobs Are
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    Founding Editor Herman K. Trabish

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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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  • WEEKEND VIDEOS, June 16-17:

  • There Is No ‘New Ice Age’
  • Talking Offshore Wind
  • The Stuff Of Tomorrow’s New Energy

    Thursday, June 26, 2014

    THE PAULSON PIECE, PART 3

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

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

    “…When I worry about risks, I worry about the biggest ones, particularly those that are difficult to predict — the ones I call small but deep holes. While odds are you will avoid them, if you do fall in one, it’s a long way down and nearly impossible to claw your way out.

    “Scientists have identified a number of these holes — potential thresholds that, once crossed, could cause sweeping, irreversible changes. They don’t know exactly when we would reach them. But they know we should do everything we can to avoid them.

    “Already, observations are catching up with years of scientific models, and the trends are not in our favor…[In] May, two separate studies discovered that one of the biggest thresholds has already been reached. The West Antarctic ice sheet has begun to melt, a process that scientists estimate may take centuries but that could eventually raise sea levels by as much as 14 feet. Now that this process has begun, there is nothing we can do to undo the underlying dynamics, which scientists say are “baked in.” And 10 years from now, will other thresholds be crossed that scientists are only now contemplating? It is true that there is uncertainty about the timing and magnitude of these risks and many others. But those who claim the science is unsettled or action is too costly are simply trying to ignore the problem. We must see the bigger picture.

    “The nature of a crisis is its unpredictability. And as we all witnessed during the financial crisis, a chain reaction of cascading failures ensued from one intertwined part of the system to the next. It’s easy to see a single part in motion. It’s not so easy to calculate the resulting domino effect.

    “That sort of contagion nearly took down the global financial system.

    “With that experience indelibly affecting my perspective, viewing climate change in terms of risk assessment and risk management makes clear to me that taking a cautiously conservative stance — that is, waiting for more information before acting — is actually taking a very radical risk. We’ll never know enough to resolve all of the uncertainties. But we know enough to recognize that we must act now…” click here for more

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