Economics

Dunlaw Wind Farm at Soutra Hill North in the Scottish Borders. The US president has claimed that climate action is too costly. Photograph: Murdo Macleod for the Guardian

Almost all nations would benefit economically from keeping global warming to 1.5C, a new study indicates

CLICK HERE - ABSTRACT - Large potential reduction in economic damages under UN mitigation targets

CLICK HERE - RESEARCH LETTER - Large potential reduction in economic damages under UN mitigation targets

theguardian.com - by Damian Carrington - May 23, 2018

In Humacao, a city on the eastern coast just north of where Hurricane Maria’s eye passed, power poles and lines still litter the ground in some areas. PHOTO: ARIAN CAMPO-FLORES/THE WALL STREET JOURNAL

Six months after Hurricane Maria, as many as 7,000 of the island’s small businesses remain closed

wsj.com - by Arian Campo-Flores - March 19, 2018

 . . . Though economic activity in Puerto Rico has picked up in recent months, businesses large and small are struggling. Electricity woes continue to plague the island, where 91% of power generation has been restored but the grid is prone to sudden outages. Insurance money has arrived slowly, with $1.7 billion paid in residential and business claims as of Jan. 31—about 40% of the expected total, according to the island’s Office of the Commissioner of Insurance.

And the market is shrinking as a result of an accelerating exodus of Puerto Ricans fleeing conditions on the island.

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Visitors look at cars in the Ford booth at the North American International Auto Show in Detroit, Michigan, U.S. January 15, 2018. REUTERS/Jonathan Ernst

reuters.com - by Paul Lienert - January 15, 2018

Ford Motor Co’s plan to double its electrified vehicle spending is part of an investment tsunami in batteries and electric cars by global automakers that now totals $90 billion and is still growing, a Reuters analysis shows.

That money is pouring in to a tiny sector that amounts to less than 1 percent of the 90 million vehicles sold each year and where Elon Musk’s Tesla Inc, with sales of only three models totaling just over 100,000 vehicles in 2017, was a dominant player.

With the world’s top automakers poised to introduce dozens of new battery electric and hybrid gasoline-electric models over the next five years - many of them in China - executives continue to ask: Who will buy all those vehicles?

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Leaning on the lines.(Raquel Pérez Puig for Quartz)

qz.com - by Ana Campoy - November 11, 2017

San Juan, Puerto Rico

Seven weeks after hurricane Maria, the traffic lights are still down in San Juan. The narrow, cobbled streets of the city’s historic center, one of the island’s top tourist attractions, turn pitch black as soon as the sun sets. With appliances useless during the blackout, many of the city’s residents can’t cook, store food, or take a real shower.

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