This is your SolarWakeup for October 30th, 2019

Bad News For Coastal Folks. A new report in Nature magazine highlights the risk for coastal communities by the year 2050. Don’t take my hyperbole for it but it is going to be really bad for many, especially some of the world’s poorest communities. Miami Beach may have spent a billion dollars building a pumping system under the roads but this says that those pumps will basically be sitting in the ocean by then.

Enphase Exec Experiences Blackouts. The VP of Marketing at Enphase has been without power at home for over 3 days. This means that he’s working in his car at night and his kids are doing homework by lantern light. We exchanged some messages to compare blackout notes (mine ended at hour 44) and how our kids may be shocked that this is a normal situation for many in the world and that our work fixing our first world problems has positive ramifications to climate change and millions of lives around the world if we do it well.

Markets Go As Insurers Do. In 1957, Congress passed the Price-Anderson Nuclear Industries Indemnity Act. The act provides for government insurance for nuclear power plants above $12.6billion in liabilities, the rest is self insured. Even in 1957, regulators, industry and governments knew that no power plant would be built without sufficient insurance and no plant could be affordable with private insurance. The same is true today, if insurance providers stop insuring ocean front homes, prices will drop. If they stop insuring gas plants, they will go away as well.

No, It Can’t. PG&E cannot stay in the status quo, there will be changes. An interesting argument is coming out that the public advocate has blame for the wildfires because they opposed rate increases. PG&E rates are well over double that of Florida Power and Light and FPL has to deal with hurricanes every year, spending billions on infrastructure. Execution was the failure point, not the public advocate. 

• Nature Magazine: New elevation data triple estimates of global vulnerability to sea-level rise and coastal flooding
• Linkedin: The Promise of True Home Energy
• Axios: U.S. insurance industry under growing pressure to exit fossil fuels
• New York Times: Can PG&E Survive the California Wildfires?
• Reuters: For best climate impact, put renewables in the U.S. Midwest – study
• Utility Dive: 11 attorneys general urge FERC to respect state energy rights
• Rocky Mountain Institute: Massive Investment is Accelerating the Era of Clean Electrification

Opinion

• Los Angeles Times: Power outages in California could make fighting climate change even harder.

Best, Yann

The post This is your SolarWakeup for October 30th, 2019 appeared first on SolarWakeup.com.

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