World bank assesses huge risks of climate change
Climate change puts 1.3bn people and $158tn at risk, says World Bank https://www.theguardian.com/business/2016/may/16/climate-change-puts-13bn-people-and-158tn-at-risk-says-world-bank Guardian, Larry Elliott, Economics editor,
Organisation urges better city planning and defensive measures to defend against rapid rise in climate change-linked disasters The global community is badly prepared for a rapid increase in climate change-related natural disasters that by 2050 will put 1.3 billion people at risk, according to the World Bank.
Urging better planning of cities before it was too late, a report published on Monday from a Bank-run body that focuses on disaster mitigation, said assets worth $158tn – double the total annual output of the global economy – would be in jeopardy by 2050 without preventative action.
The Global Facility for Disaster Reduction and Recovery said total damages from disasters had ballooned in recent decades but warned that worse could be in store as a result of a combination of global warming, an expanding population and the vulnerability of people crammed into slums in low-lying, fast-growing cities that are already overcrowded.
“With climate change and rising numbers of people in urban areas rapidly driving up future risks, there’s a real danger the world is woefully unprepared for what lies ahead,” said John Roome, the World Bank Group’s senior director for climate change.
“Unless we change our approach to future planning for cities and coastal areas that takes into account potential disasters, we run the real risk of locking in decisions that will lead to drastic increases in future losses.” Continue reading
South Australia – “base load” power from wind and solar – Giles Parkinson
Wind and solar become new “base load” power for South Australia http://reneweconomy.com.au/2016/wind-and-solar-become-new-base-load-power-for-south-australia-99364 [good graphs] By Giles Parkinson on 16 May 2016
This is expected to be the pattern of the future, as energy systems with high renewable energy penetration rely first on variable energy providers such as wind and solar, and then on “flexible” or “dispatchable” energy from the likes of gas, but ultimately hydro, solar towers with storage, and emerging technologies such as geothermal and ocean energy and battery and other energy storage. Continue reading
