Energy transitions
As the low-carbon energy transition takes hold, transition risk becomes a hot topic. Various uncertainties, mismatches, and potential obstacles emerge, threatening to delay the changeover. For example, in 2021, the U.K. had to restart coal-fired power plants due to low wind power. Two major transitions in electricity generation are underway. The cost of generating electricity with natural gas has dropped—and the costs of solar panels and energy storage have also dropped. Both are leading to new vistas in power generation. However, “over-investment in CCNG may affect the transition to renewables,” said Gautam Gowisankaram, professor of economics at Columbia University and […]
Distributional consequences
Climate change marches on. To prepare for worse storms, droughts, and wildfires, the infrastructure must be improved. Governments have different ways to handle the costs of adapting to climate change. How will these additional costs be borne? “Transition to a carbon-neutral economy is at the top of the policy agenda around the globe,” said Moritz Kuhn, professor of economics at the University of Mannheim. Private households account for about two-thirds of carbon emissions. “Governments can introduce policies to speed up the adoption of green technologies,” he said, but the heterogeneity of consumption and carbon emissions could present problems. These will […]
Tackling Two Problems
Climate change and loss of biodiversity are often treated separately – in science, policy, and even risk management. But as the scientists and policymakers began sharing thoughts on these global crises, “we saw we have a bunch of things in common, such as response options and interventions,” said Professor Pete Smith, Professor of Soils and Global Change, University of Aberdeen. “We need to consider climate change and biodiversity from the very outset of planning solutions.” On November 7, 2024, he was interviewed by Jo Paisley, President, GARP Risk Institute.The Global Association of Risk Professionals (GARP) provides a series of podcasts […]
Dirty Deals
“The global plastic waste trade is an environmental disaster hiding in plain sight, fuelling organised crime, working conditions that amount to human rights violations and devastation to human health and the environment.” This is according to a report released on November 5, 2024, by the Environmental Investigation Agency (EIA) in Britain. ♠️ Click here to access “Dirty Deals Part 2″ from the EIA website.