You are here

Economics

Primary tabs

This working group is focused on sustainable economics and financial balance within resilient social ecologies.

The mission of this working group is to build sustainable economy and financial balance within resilient social ecologies.

Members

Corey Watts david hastings Elhadj Drame John Girard Kathy Gilbeaux LintonWells
Maeryn Obley mdmcdonald Samuel Bendett

Email address for group

economics@m.resiliencesystem.org

'Spectacular' Drop in Renewable Energy Costs Leads to Record Global Boost

Falling solar and wind prices have led to new power deals across the world despite investment in renewables falling

           

Solar panels on sale at the Naran Tuul market in Ulaanbaatar, Mongolia. Photograph: Seong Joon Cho/Getty Images

CLICK HERE - Global Status Report - REN21 - Renewable Energy Policy Network for the 21st Century

theguardian.com - by Damian Carrington - June 6, 2017

Renewable energy capacity around the world was boosted by a record amount in 2016 and delivered at a markedly lower cost, according to new global data – although the total financial investment in renewables actually fell.

The greater “bang-for-buck” resulted from plummeting prices for solar and wind power and led to new power deals in countries including Denmark, Egypt, India, Mexico and the United Arab Emirates all being priced well below fossil fuel or nuclear options . . .

 . . . The new renewable energy capacity installed worldwide in 2016 was 161GW, a 10% rise on 2015 and a new record, according to REN21, a network of public and private sector groups covering 155 nations and 96% of the world’s population.

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

‘Resilience Bonds’: A Secret Weapon Against Catastrophe

           

Resilience bonds could help places vulnerable to natural disasters, like Mexico, better prepare for catastrophe - not just help clean up after it. (Credit: Alamy Stock Photo)

The costs of natural disasters are becoming too much to bear – and it’s driving up premiums no matter where you live. The solution may be a transformative type of insurance never seen before.

bbc.com - by Amanda Ruggeri - May 16, 2017

 . . . People will have to shift their entire thinking about how disaster recovery is funded – and by whom, experts say. “There’s a perception that, following a disaster, the federal government’s role is to make you whole and rebuild homes and infrastructure and community at the federal taxpayer’s expense. And that is simply not true,” Medlock says. “There are limits to what the federal government can – and should – do.”

 . . . Enter a new idea that could transform not only the global economy, but how disasters affect us: a resilience bond. As well as guaranteeing help to communities after a catastrophe, it would help fund projects and strategies they need to become less vulnerable to begin with . . .

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Are Solar and Wind Really Killing Coal, Nuclear and Grid Reliability?

           

Lessons from the Lone Star State: A surge in wind power on the Texas grid didn’t cause reliability problems (and brought down electricity prices) because regulators improved the efficiency of wholesale electricity markets. Sarah Fields Photography/Shutterstock.com

theconversation.com - by Joshua D. Rhodes, Michael E. Webber, Thomas Deetjen and Todd Davidson - May 11, 2017

U.S. Secretary of Energy Rick Perry in April requested a study to assess the effect of renewable energy policies on nuclear and coal-fired power plants.

Some energy analysts responded with confusion, as the subject has been extensively studied by grid operators and the Department of Energy’s own national labs. Others were more critical, saying the intent of the review is to favor the use of nuclear and coal over renewable sources.

So, are wind and solar killing coal and nuclear? Yes, but not by themselves and not for the reasons most people think. Are wind and solar killing grid reliability? No, not where the grid’s technology and regulations have been modernized. In those places, overall grid operation has improved, not worsened.

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

US May Be Severely Underestimating Zika's Potential Impact; Costs Could Be in the Billions

Deadly carriers of disease: Aedes aegypti mosquitoes.  Paulo Whitaker | Reuters

Gulf Coast region is vulnerable to Zika attacks

Congress may not appreciate full extent of potential damage

Conservative calculations suggest full impact could exceed $2 billion

CLICK HERE - PLOS - The potential economic burden of Zika in the continental United States

cnbc.com - by Robert Ferris - May 11, 2017

The Zika virus stands to cost the United States billions of dollars, even if few people are infected.

Researchers from several American institutions have calculated that the "virus from Hell" could result in total costs ranging from $183 million to over $1.2 billion, depending on infection rates in several at-risk states in the South.

The researchers warn that infection rates could engender costs that exceed the amounts of money the U.S. government may give for prevention and treatment, if the recent debates over funding are any indication.

(READ COMPLETE ARTICLE)

 

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

A Socio-economic Impact Assessment of the Zika Virus in Latin America and the Caribbean: With a Focus on Brazil, Colombia and Suriname

undp.org - April 3, 2017

In early 2016, Zika was declared a Public Health Emergency of International Concern due to its association with a surge of birth defects. Zika has since spread throughout Latin America and the Caribbean, with local transmission also reported in parts of the USA, Asia and Africa. The nature of the neurological complications Zika can cause in humans, and the emergence of a condition in infants known as ‘congenital Zika syndrome’, have posed and continue to pose a significant challenge to health specialists, international organizations and governments alike.

The United Nations Development Programme (UNDP), in partnership with the International Federation of the Red Cross and Red Crescent Societies (IFRC), produced this assessment of the socio-economic impacts of Zika on countries, families and communities, and to examine institutional responses.

CLICK HERE - READ COMPLETE ARTICLE AND ACCESS THE REPORT

 

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Zika Could End Up Costing Latin America and the Caribbean Up To $18 Billion, UN Reports Finds

                           

CLICK HERE - REPORT - A Socio-economic Impact Assessment of the Zika Virus in Latin America and the Caribbean: with a focus on Brazil, Colombia and Suriname

un.org

6 April 2017 – In addition to the impact on public health, the tangible impact of the Zika outbreak, such as on gross domestic product (GDP), could cost the Latin American and the Caribbean region as much as $18 billion between 2015 and 2017, a new United Nations report has revealed.

The report Socio-economic impact assessment of Zika virus in Latin America and the Caribbean, prepared by the UN Development Programme (UNDP) in partnership with the International Federation of Red Cross and Red Crescent Societies (IFRC), has a particular focus on Brazil, Colombia and Suriname – countries that first reported the outbreak in October-November 2015.

General Topic Tags: 
Problem, Solution, SitRep, or ?: 

After Bringing Cholera to Haiti, U.N. Can’t Raise Money to Fight It

           

A clinic in Rendel, Haiti, was overflowing with cholera patients in October. The disease has killed nearly 10,000 people in Haiti since it was introduced there in 2010 by a United Nations peacekeeping force. Credit Meridith Kohut for The New York Times

nytimes.com - by Rick Gladstone - March 19, 2017

When the leader of the United Nations apologized to Haitians for the cholera epidemic that has ravaged their country for more than six years — caused by infected peacekeepers sent to protect them — he proclaimed a “moral responsibility” to make things right.

The apology, announced in December along with a $400 million strategy to combat the epidemic and “provide material assistance and support” for victims, amounted to a rare public act of contrition by the United Nations. Under its secretary general at the time, Ban Ki-moon, the organization had resisted any acceptance of blame for the epidemic, one of the worst cholera outbreaks in modern times.

Since then, however, the United Nations’ strategy to fight the epidemic, which it calls the “New Approach,” has failed to gain traction.

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

As Solar Booms, Utilities Look to Build New Business Models With Strategic Investments

           

Image credit: Flickr user 10 10

utilitydive.com - by Herman K. Trabish - March 14, 2017

Beyond simply contracting for solar, utilities are increasingly investing in the sector to ‘position themselves to be the utility of the future'

Solar energy is becoming a generation resource so ubiquitous that utilities are looking beyond simply contracting for new capacity and are increasingly moving into the sector themselves.

Solar added a record-breaking 14,762 MW of capacity in 2016, nearly doubling its 2015 growth. The resource added 39% of all new U.S. generation capacity in the year, making it the leader among all resources for the first time.

Growth was dominated by utility investment in 2016, a trend that’s expected to continue, according to a new report from the Solar Energy Industries Association and GTM Research.

(READ COMPLETE ARTICLE)

 

 

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

UN Calls for Support to Recovery Plan as Haiti Loses $2.7 Billion in Hurricane Matthew

           

Hurricane Matthew made landfall in Haiti causing widespread damage in the western cities of Les Cayes and Jeremie. Photo: UN/MINUSTAH/Logan Abassi

un.org

6 March 2017 – The United Nations office dedicated to disaster risk reduction today called for urgent support to improve disaster risk management in Haiti, following a damage assessment that shows the country lost $2.7 billion, or 32 per cent of gross domestic product (GDP), as a result of Hurricane Matthew six months ago.

“Hurricane Matthew revealed disturbing truths about least developed countries which lack the capacity to respond adequately to climate change and the rising intensity and frequency of weather-related disasters,” said the UN Secretary-General's Special Representative for Disaster Risk Reduction, Robert Glasser in a press release.

His call came on the eve of the 5th Regional Platform for Disaster Risk Reduction in the Americas, which opens in Montreal, Canada, tomorrow.

(READ COMPLETE ARTICLE)

 

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

The Murky Future of Nuclear Power in the United States

A view into Unit 4 at the Alvin W. Vogtle generating station in Georgia. The complex plans to use AP1000 reactors from Westinghouse. Credit via Georgia Power

Image: A view into Unit 4 at the Alvin W. Vogtle generating station in Georgia. The complex plans to use AP1000 reactors from Westinghouse. Credit via Georgia Power

nytimes.com - February 18th 2017 - Diane Cardwell

This was supposed to be America’s nuclear century.

The Three Mile Island meltdown was two generations ago. Since then, engineers had developed innovative designs to avoid the kinds of failures that devastated Fukushima in Japan. 

(VIEW COMPLETE ARTICLE)

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

Pages

howdy folks