NewEnergyNews: QUICK NEWS, June 18: Climate Crisis Could Threaten Global Financial Stability; Solar Sets Growth Record

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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 the climate crisis 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-To Meet The Crisis
  • FRIDAY WORLD HEADLINE-Trillions Needed To Adapt As Climate Crisis Grows
  • FRIDAY WORLD HEADLINE-Global New Energy Investment To Triple
  • THE DAY BEFORE

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

  • TTTA Thursday-Hollywood Faces The Climate Crisis
  • TTTA Thursday-Booming U.S. Wind Faces Tax Credit Horizon
  • TTTA Thursday-San Francisco Offers $2.5BIL For PG&E Electric Grid
  • THE DAY BEFORE THE DAY BEFORE

  • With faltering utilities, California backs 'tower of finance' solution to wildfire costs
  • THE DAY BEFORE THAT

  • TODAY’S STUDY: See Coal Collapsing
  • QUICK NEWS, September 10: Climate Crisis Left Out Of Hurricane News; New Energy Needs New Finance Options – Wells Fargo
  • THE LAST DAY UP HERE

  • TODAY’S STUDY: The Untapped Mid-Level Wind Potential
  • QUICK NEWS, September 9: The Dems’ Climate Crisis Conclave; U.S. New Energy Gains Market Share as Usage Dips
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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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  • WEEKEND VIDEOS, September 14-15:

  • Trevor Noah Talks To Greta
  • Bill Maher On The Weather In Alabama
  • Conan O’Brien On The Weather In Greenland

    Tuesday, June 18, 2019

    QUICK NEWS, June 18: Climate Crisis Could Threaten Global Financial Stability; Solar Sets Growth Record

    Climate Crisis Could Threaten Global Financial Stability Adding to Planetary Alarm Bells, Top US Finance Official Warns Climate Crisis a Recipe for Global Economic Collapse; "It's abundantly clear that climate change poses financial risk to the stability of the financial system."

    Jessica Corbett, June 12, 2019 (Common Dreams)

    “…[The human-caused climate emergency poses a threat to the economy which rivals the subprime mortgage meltdown that led to the 2008 financial crisis…[according to Rostin Behnam] of the five-member Commodities Futures Trading Commission, an independent federal agency…As the sponsor of CFTC's Market Risk Advisory Committee, he convened a public meeting…to discuss climate-related financial threats…[and call for a panel to review and report on threats and solutions…[Appointed as a required Democratic member to the CFTC, he said] most of the world's markets and market regulators are taking steps towards assessing and mitigating the current and potential threats of climate change…[but, he added,] impacts of climate change affect every aspect of the American economy—from production agriculture to commercial manufacturing and the financing of every step in each process…

    Failing to address financial market risks associated with climate change will impede economic growth, and most likely hit rural communities the hardest…[He said it is time to examine the relationship of [extreme weather event risks to financial] market stability…[The report] would be a product of the federal government… put Mr. Behnam in direct conflict with the policies of the [current] administration…[And, because it would come in 2020 and likely focus] on potential harm to the nation's agriculture sector, [it] is likely to emerge at a moment when [the president] will be making the case to farm states…” click here for more

    Solar Sets Growth Record U.S. Solar Market Sees Best Q1 in History; Crossing the 2 million solar installations threshold was just one of many highlights on the quarter

    June 18, 2019 (Solar Energy Industries Association/Wood Mackenzie)

    In the first three months of the year, the U.S. installed 2.7 gigawatts of solar photovoltaics (PV), making it the most solar ever installed in the first quarter of a year…Wood Mackenzie Power & Renewables forecasts 25% growth in 2019 compared to 2018, and it expects more than 13 GWdc of installations this year…[T]he U.S. saw 603 megawatts of residential solar installations during the first quarter, up 6 percent annually…[and] 29 percent of residential capacity in Q1 2019 came from markets outside the top 10 solar states by capacity, the highest share for emerging markets in industry history…The non-residential segment, which represents commercial, industrial and public sector distributed solar, saw 438 megawatts of PV installed on the quarter, which was down on both a quarterly and annual basis…

    ...[T]his is largely a result of state-level policy reforms in historically strong markets for the segment including California, Massachusetts and Minnesota…[New community solar mandates] in New York, Maryland, Illinois and New Jersey are expected to] help reinvigorate the segment beginning in 2020…Total installed U.S. PV capacity will more than double over the next five years, with annual installations reaching 16.4 GWdc in 2021 prior to the expiration of the residential federal Investment Tax Credit (ITC) and a drop in the commercial tax credit to 10% for projects not yet under construction…” click here for more

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