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


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

The challenge now: To make every day Earth Day.

While the OFFICE of President remains in highest regard at NewEnergyNews, the administration's position on the climate crisis makes it impossible to regard THIS president with respect. Therefore, until November 2020, the NewEnergyNews theme song:


  • Colbert And Greta, Part 2
  • Weekend Video: New Energy For Recovery
  • Weekend Video: Energy Storage Changes The Game

  • FRIDAY WORLD HEADLINE-Four Deniers To Avoid
  • FRIDAY WORLD HEADLINE-New Energy Keeps Growing


  • TTTA Wednesday-ORIGINAL REPORTING: Big money to utilities: Face climate risks or lose market value
  • TTTA Wednesday-The Threat And Opportunity From Transportation Electrification

  • MONDAY STUDY: Policy Design For Hybrid Renewables

  • Weekend Video: Greta – What Leadership Looks Like
  • Weekend Video: China’s Greta
  • Weekend Video: This Is Leadership?
  • --------------------------


    Founding Editor Herman K. Trabish



    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




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


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

  • ---------------
  • MONDAY’S STUDY AT NewEnergyNews, August 10:
  • The World’s New Energy Right Now

    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


    Post a Comment

    << Home