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-Get Ready ‘Cause Here It Comes
  • FRIDAY WORLD HEADLINE-World Power Grids Are Ready For New Energy
  • FRIDAY WORLD HEADLINE-World Wind Numbers Reach New Highs
  • FRIDAY WORLD HEADLINE-Global Data Giants Drive New Energy Growth
  • THE DAY BEFORE

    THINGS-TO-THINK-ABOUT THURSDAY, February 15:

  • TTTA Thursday-Conception In A Time Of Climate Change
  • TTTA Thursday-Introducing The EV Policy Fights
  • TTTA Thursday-The Oklahoma Wind War
  • TTTA Thursday-New Things To Do With Solar
  • THE DAY BEFORE THE DAY BEFORE

  • ORIGINAL REPORTING: Stop, collaborate and listen: California works the details of bringing on distributed energy
  • ORIGINAL REPORTING: Hawaii Regulators Accept The Utility’s New Energy Plan To Move Ahead
  • THE DAY BEFORE THAT

  • TODAY’S STUDY: Grid Modernization Right Now
  • QUICK NEWS, February 13: Infrastructure Spend Fails To Prepare For Changing Climate; Pennsylvania Loves Solar Job Growth; Pennsylvania Wind Moves Nestle Toward 100% New Energy
  • THE LAST DAY UP HERE

  • TODAY’S STUDY: California’s Nation-Leading Clean Cars Plan
  • QUICK NEWS, February 12: 2017 Media Turned Climate Change Into Reality TV; How New Energy Protects The Grid; Nevada’s Gigawatt 1 Solar Bet
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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, February 17-18:

  • Colbert Nails EPA Head Pruitt
  • Ocean Life And Offshore Wind, Better Together
  • Australia’s 50,000 Home Virtual Power Plant

    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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