@CelloMomOnCars@mastodon.social cover
@CelloMomOnCars@mastodon.social avatar

CelloMomOnCars

@CelloMomOnCars@mastodon.social

Climate-friendly cars that fit the planet and the budget - and the cello
Plus climate news

http://www.cellomomcars.com/

This profile is from a federated server and may be incomplete. For a complete list of posts, browse on the original instance.

davidho , to random
@davidho@mastodon.world avatar

Why isn’t this just 20 Ah?

CelloMomOnCars ,
@CelloMomOnCars@mastodon.social avatar

@Ollivdb @davidho

"But .... this one goes to 11."

CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

"A coalition of environmental, labor and healthcare groups called on the Federal Emergency Management Agency () to classify and as “major disasters” to unlock federal funding for states during these weather events."

https://thehill.com/policy/energy-environment/4726763-groups-fema-extreme-heat-wildfire-smoke-major-disaster/mlite/

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

"’s guiding law, the Stafford Act, includes a list of 16 natural disasters that fall under the agency’s disaster-response purview. But the language of the act is designed to be flexible and inclusive of disasters not explicitly listed."

https://www.npr.org/2024/06/18/nx-s1-5003785/extreme-heat-disaster-fema-climate

CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

Chicago teachers demand climate solutions in their next contract

"[In April's] “transformative” contract proposal increased wages were just a starting point. The plan included items ranging from a plan to build more affordable housing citywide to providing additional resources for the thousands of migrant children shuttled to from the Mexican border.

On top of that, the union wants and resiliency written into their new contract."

https://grist.org/accountability/chicago-teachers-want-climate-solutions-next-contract/

RunRichRun , to random
@RunRichRun@mastodon.social avatar

"There's no such thing as climate change," said nobody who pays for homeowner's or renters insurance. Meanwhile, some politicians, legislators and fossil fuel interests deny its existence and cause great harm — mental, physical, financial — to constituents. That's fine. 🙃😕

This is a very good OpEd. Check out the links, also.
https://www.pressdemocrat.com/article/opinion/fabian-to-understand-climate-change-all-you-need-is-an-insurance-policy/
h/t @CelloMomOnCars @FantasticalEconomics
https://mastodon.social/@CelloMomOnCars/112637363179295625

CelloMomOnCars ,
@CelloMomOnCars@mastodon.social avatar

@FantasticalEconomics @RunRichRun

While it's easy to dismiss the suffering of marginalised communities "far away" from where you live, a large majority of people deal with home owners' or tenants' insurance. This one really comes "home", so to speak: it touches everyone you know.

CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

Greece Lost 250 Sq Km of Its Beaches in 30 Years Due to

"Synolakis went on to warn of the enormous financial cost of large swathes of tourism-dependent ’s heavily developed coastline being destroyed.

“The cost has already reached some 2.6 billion euros a year,” he said, pointing to estimates according to which every square meter of coastline brings 10-15 euros into the local economy every year."

https://greekreporter.com/2024/06/18/greece-lost-250-sq-km-beaches-climate-change/

CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

Some Kind of Carbon Tax Is Coming to America, Like It or Not

"Fifty countries now have national systems for pricing carbon, involving a carbon tax, emissions trading or a combination of both. These cover 24% of the world’s carbon , up from just 7% in 2013.

The US government is one of three members of the Group of 20 nations that are in no hurry to price carbon. The other two are Russia and Saudi Arabia.

A could raise $2 trillion over a decade."

https://www.bloomberg.com/opinion/articles/2024-06-13/climate-change-carbon-pricing-is-coming-to-america-like-it-or-not

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

"Under the circumstances, phasing out clean-energy subsidies while phasing in taxes on dirty energy could be an appealing win-win that meets Democrats’ climate goals and delivers substantial deficit reduction."

https://www.bloomberg.com/opinion/articles/2024-06-16/if-rates-stay-higher-for-longer-then-the-us-will-need-a-carbon-tax

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

"A conservative energy advocacy group is launching an ad campaign targeting two climate-minded Republicans facing tough election bids.

The $100,000 digital ad campaign goes after Reps. John Curtis of Utah and Mariannette Miller-Meeks of Iowa on proposed bipartisan climate legislation. Opponents of the bill, which would study the carbon emissions of a range of U.S. products, argue it could lead to carbon pricing."

https://subscriber.politicopro.com/article/eenews/2024/06/18/pro-fossil-fuel-group-launches-ads-against-gop-climate-leaders-00163799

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

@Staggaly

Some version of that may come yet.

I'm a mom, and I can see you can't say / try some things only once: you have get come back to it, again and again, until the time is ripe for people to hear it.

(Eventually, my kids too started eating over their plates).

CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

"The first significant #heatwave of summer 2024 is forecast to spread across a large part of #Europe.

Temperatures in #Greece and #Turkey have been astonishingly high, even record-breaking for parts of Greece and the Aegean Sea. At nighttime, the temperature was in the mid-30s, peaking into the low to mid-40s during the day."

https://www.severe-weather.eu/global-weather/first-significant-heatwave-summer-2024-forecast-europe-mk/

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

A city that has learned strategies to cope with the heat:

"Some 98% of people in have a climate shelter within 10 minutes of their home and 68% have one within 5 minutes. Municipal facilities acting as climate shelters include indoors spaces such as libraries, community centres and museums, while outdoor spaces include parks, gardens, school playgrounds, nursery playgrounds and inner quadrangles between residential blocks."

https://www.barcelona.cat/barcelona-pel-clima/en/news/over-350-climate-shelters-open-to-help-beat-the-heat-1410886

vkc , to random
@vkc@linuxmom.net avatar

You open up a Commodore 64, and the box says "welcome to the world of friendly computing."

You turn on a modern PC, and it immediately threatens your data unless you agree to save your data to their cloud service.

That right there is why we talk about vintage computers. Folks need to be reminded of what's possible.

CelloMomOnCars ,
@CelloMomOnCars@mastodon.social avatar

@vkc

This is pretty much the same reason why I'm dreaming of putting an electric motor in my diesel Golf: I will have upgraded her to an EV, but unlike all the new cars she will still not spy on me.

CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

"At least 14 Jordanian pilgrims have died while on the pilgrimage in Saudi Arabia as temperatures soar in the kingdom.

The heat reached 47C (116.6F) in Mecca on Sunday, a temperature that was forecast to continue on Monday."

https://www.theguardian.com/world/article/2024/jun/17/pilgrims-die-hajj-pilgrimage-mecca-saudi-arabia-heat-hot-weather-temperatures

CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

"Unusually low in Hindu Kush this year could impact supply for over 600 million people in the Gangetic river basin, warns new research."

https://www.hindustantimes.com/india-news/lowest-snow-cover-year-for-ganga-basin-101718563716298.html

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

@Ketakater

Yeah.
You just know that a few people will make money off of a catastrophe like this. 😥

CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

"The cost of the first two years of Russia’s war on was greater than the annual greenhouse gas generated individually by 175 countries, exacerbating the global climate emergency in addition to the mounting death toll and widespread destruction, research reveals.

The report is the most comprehensive analysis of the climate cost of any conflict – and the first time reparations have been calculated for war-related climate impacts."

https://www.theguardian.com/environment/article/2024/jun/13/russia-war-with-ukraine-accelerating-global-climate-emergency-report-shows

CelloMomOnCars , (edited ) to random
@CelloMomOnCars@mastodon.social avatar

" was able to transform its and thus the quality of life in the city in the run-up to the upcoming 2024 Summer Olympics.

So what was the trick? Kicking out cars.

Or perhaps more specifically, Paris reduced the city’s dependence on cars in favor of alternative forms of transportation."

https://electrek.co/2024/06/12/the-one-simple-trick-paris-used-to-reduce-air-pollution-40-ahead-of-olympics/

(The fact that even @electrek calls it "alternative" transportation tells you how car brain penetrates everything).

CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

Once I was at a hospital with a friend, while his stepfather was undergoing surgery. We were tense but calm. His mom though was white around the lips with worry. She was herself a surgeon and knew exactly all the ways that that surgery could go wrong.

I get the same feeling watching climate scientists today: they know all the ways that climate change can go wrong, and worry about the ways they don't yet know about.

https://www.aljazeera.com/features/2024/6/16/what-grief-for-a-dying-planet-looks-like-climate-scientists-on-the-edge-2

CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

Ways climate change can impact heart health:

Extreme heat causes increases heart rate and blood pressure
Wildfire smoke can trigger systemic inflammation
Natural disasters cause mental distress
Hurricanes and floods can disrupt people's healthcare

https://www.upi.com/Health_News/2024/06/13/climate-change-heart-health/2431718311761/

CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

$2.4 tn needed annually by 2030 in developing countries to meet climate goals and protect their societies from extreme weather.

The Arab group of countries suggest a UN target of US$1.1 trillion per year, with US$441 billion coming directly from developed country governments in grants.

Loans provided at market rates, export credits should not count, as climate funding offered as loans is pushing poorer nations further into debt."

https://www.straitstimes.com/world/st-explains-the-global-fight-over-climate-change-funding

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

This is an unsurprising outcome, as developed countries are in deep denial over their responsiblities in the climate crisis, and still suffer from a colonial mindset.

"Rich developed countries talked at length about what they can't commit to and who else should pay but failed to assure developing nations on their intent to significantly scale up financial support," Greenpeace International's Tracy Carty said in a statement.

https://www.lemonde.fr/en/environment/article/2024/06/14/un-climate-chief-deplores-lack-of-progress-at-talks-ahead-of-cop29-in-november_6674759_114.html

CelloMomOnCars , (edited ) to random
@CelloMomOnCars@mastodon.social avatar

Feeling down about the continued dominance of fossil fuels? This RMI report is a good antidote:

The Cleantech Revolution
It’s exponential, disruptive, and now

Slide after slide documenting the exponential rise of clean energy technologies.
I hate the over-use of the word "exponential"; I only use it when I mean it.

https://rmi.org/wp-content/uploads/dlm_uploads/2024/06/RMI-Cleantech-Revolution-pdf.pdf

Also, don't believe the naysayers, they've been wrong at every step of the way to 100% renewable electricity.

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

RMI report

Electrify everything, they say.
That is happening, and nowhere faster than in Asia.

The signs are unmistakeable: #FossilFuels are in decline.

No-one knows better than the oil and gas industry that the Öldämmerung, the twilight of oil, is upon us. Why do you think they work so hard to spread the disinformation, and to buy the politicians, and to suppress climate protests.

https://rmi.org/wp-content/uploads/dlm_uploads/2024/06/RMI-Cleantech-Revolution-pdf.pdf

kim_harding , to random
@kim_harding@mastodon.scot avatar

The surprisingly not-so-doomed effort to force US drivers to stop speeding
https://www.theverge.com/2024/6/12/24176403/intelligent-speed-assistance-iihs-safety-limiters-governor
People love to speed, but with traffic fatalities rising, would they accept new technology that would make it harder to drive recklessly?

CelloMomOnCars ,
@CelloMomOnCars@mastodon.social avatar

@kim_harding

Wow.
There is a whole book of proven recipes to calm traffic: you design the road so that drivers WANT to drive the speed of your choice, and they feel happy doing that.

But no let's haul in the technology.
THAT's what makes the money, amirite.

CelloMomOnCars ,
@CelloMomOnCars@mastodon.social avatar

@dgodon

For one, it takes several decades for cars to turnover so that most cars have those devices. Can we wait that long?

@kim_harding

chu , to random
@chu@climatejustice.social avatar

Mediocre man leading a company through decreases in sales and revenue definitely deserves pay increase as he diverts resources from company to other pet projects. Definitely deserved because he bring in "value" 🙄

In case you haven't figure it out yet, capitalism is playing y'all the fool.

https://www.theguardian.com/business/article/2024/jun/13/tesla-shareholders-approve-elon-musk-pay?utm_source=press.coop

CelloMomOnCars ,
@CelloMomOnCars@mastodon.social avatar

@chu

$ 45 bn payout.
Tesla is worth $ 572 bn.
Twelve more years of payment like this and he will have run Tesla down to zero.

Who needs private equity firms to bleed a company dry.

CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

Expecting the Unexpected Could Help Us Prepare for Climate Extremes

"A new paper argues that too little consideration of high-impact, low-likelihood events has left us unprepared for the worst of ."

https://eos.org/research-spotlights/expecting-the-unexpected-could-help-us-prepare-for-climate-extremes

In other words, it's time to be hunting for a : an event that is extremely unlikely, and if it does occur, extremely devastating. Here is an opportunity for compulsive pessimists to potentially save lives.

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

@atthenius @Doug_Bostrom

The distribution shifting and broadening could still be called loaded dice though.

"Different dice" is when people die because they can't get out of basement apartments that flood. When the aquifer recedes below the intake of your pump. When hurricanes make landfall way north of where they're "supposed" to hit. When diseases show up in places beyond their usual boundaries.

Situations very, very few (all Cassandras) thought of before they happened.

CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

Heat is here.
Been searching for the maximum operating temperature of a and finding that so far, people have been fixated on the minimum operating temperature. But in a climate-changed world you have to worry about the maximum temperature also.

(For a Mitsubishi "hyper heat" compressor, it's -15F to +115F).

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

@ixtility

A heat pump just moves heat from one place to another. If your heat pump compressor were in your basement, it would heat up your basement in the summer (big time) and chill it in the winter (even bigger time). That's why it needs to be outside the house.

ChrisMayLA6 , to random
@ChrisMayLA6@zirk.us avatar

So here's some good news on the green transition - although we could always argue that it could be quicker, the UK has been experiencing a real pivot towards renewable energy.

Given the dire experience of the last decade & a half, from health crisis to local government, from housing to schools, we can take a moment to celebrate this (albeit qualified) achievement!

CelloMomOnCars ,
@CelloMomOnCars@mastodon.social avatar

@ChrisMayLA6

Also one in four cars sold in the UK is a battery EV or plug-in hybrid now, so increasingly electricity is displacing oil as well.

CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

"Spillage, or , is an expected and efficient feature of systems.

For example, we don’t build additional highway lanes to accommodate traffic for the busiest hour on an Easter weekend.

Coal generators prefer to continue to generate, even at negative prices, rather than completely shut down [which is even more costly. So] renewable energy is spilled, rather than coal shutdown. We actually have a glut of coal, rather than renewables."

https://theconversation.com/should-we-worry-about-wasting-renewable-energy-heres-why-spilling-excess-power-is-expected-and-efficient-229489

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

"The boom began soon after the arrival of a new government under Mr Sánchez in 2018, with the removal of regulatory obstacles, and the introduction of subsidies for renewable installations.

Concerns about having an excess of electricity have led to discussion of the need to accelerate the "electrification" of the economy. The Sánchez government has set a target of making 34% of the economy reliant on electricity by 2030."

https://www.bbc.com/news/articles/czkkgnp1d2xo

CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

"A brutal swept swathes of northwest on Friday, with maximum temperatures soaring to a scorching 47.4 degrees Celsius in southwest 's Najafgarh, making it the warmest place in the country."

https://www.tribuneindia.com/news/india/intense-heat-wave-scorches-northwest-india-najafgarh-in-delhi-warmest-at-47-4-degrees-celsius-622140

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

This "longest ever" has dropped off the news but it is still ongoing.

" recorded temperatures of 44.9C on Sunday, which is six degrees above the normal, and has been under an orange alert. The minimum temperature was recorded at 33.2C, almost six degrees above the seasonal average.

Sunday also marked the 35th consecutive day when the city’s maximum temperature exceeded 40C."

https://www.independent.co.uk/asia/india/delhi-heatwave-india-red-alert-imd-b2563912.html

CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

"Searing could be a common theme this summer in parts of the United States and might make it one of the hottest on record, according to an updated outlook released Thursday by The Weather Company and Atmospheric G2.

The West Coast, from California to southwest Washington, might be the exception. "

https://weather.com/forecast/national/news/2024-05-15-summer-forecast-temperatures-united-states

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

" kills more people in the United States than any other weather hazard, and the risk of longer and more frequent is only expected to increase as climate change worsens.

Multiple days of extreme heat, including warm nights that don’t allow our bodies to cool down, are especially dangerous."

https://www.washingtonpost.com/weather/interactive/2023/heat-waves-map-us-tracker/?itid=hp-more-top-stories_p005_f005

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

@cobalt

I looked up the forecast for Phoenix and see that those days are coming this week 😢

Please take care and stay safe.
(Is anyone talking about looking for a cooler place to live?)

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

" Through the rest of the week, the most risk is in place from the Great Lakes into the Northeast, according to the National Weather Service. This includes the major metropolitan areas of Chicago, St. Louis, Detroit, Cleveland, Pittsburgh, New York City and Boston. "

https://www.cnn.com/2024/06/17/weather/heat-wave-east-us-climate-monday/index.html

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

"The average cost of keeping the house cool in the U.S. is expected to jump by nearly 8% this summer, [on] average $719 for June - September 2024, compared to $661 last year.

[In 2015] about 1 in 5 U.S. households reported reducing or giving up certain necessities like food and medicine to cover the cost of their energy bill. Just over 1 in 10 said that they keep their house at unhealthy or unsafe temperatures to prevent using more energy. "

https://time.com/6989571/energy-bill-extreme-heat-effects/

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

Schools are adopting half-day schedules, or closing early for the summer.

https://spectrumlocalnews.com/nys/central-ny/news/2024/06/17/heat-school-half-day

Here is one more reason to install heat pumps in schools: you get both heating and cooling from one system.

CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

"The head of the IPCC has compared the rollout of carbon capture and storage () to "trying to push water uphill," questioning a technology that the oil and gas industry has long touted as integral to net-zero emission plans.

The International Energy Agency has previously called for the oil and gas industry to let go of the "illusion" that carbon capture is a solution to climate change, pushing instead for energy majors to ramp up investments in clean energy."

https://www.nbcnewyork.com/news/business/money-report/big-oils-favorite-climate-solution-is-like-trying-to-push-water-uphill-climate-chief-says/5176733/

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

Oh hey!
If you don't burn so much fossil fuels, there is also less emissions to capture and store.

"There are ways to prevent more of that pollution either by leaning into emerging technological solutions or by encouraging more sustainable consumer habits. "

https://www.theverge.com/2024/6/13/24177104/limit-carbon-dioxide-removal-beccs-bioenergy-aviation-agriculture-industry

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

@clarablackink

Even more than that: they are looking to make profits from this.

So profits twice: once for getting it out of the ground, once to (try to) stick it back into the ground.

No wonder they're so hot on "carbon capture and storage".

CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

"Right-wing politicians have launched a bid to block the passing of the ’s flagship nature protection law, which scientists have described as a “cornerstone of food security and human health”.

Derailing the law could come at significant cost to farmers, who are facing increasingly uncertain conditions due to climate and loss."

https://www.desmog.com/2024/02/23/scientists-condemn-last-minute-push-to-overturn-eu-nature-law/

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

UPDATE:
EU Nature Restoration Law PASSED.>

" After months of setbacks and difficult negotiations between the EU Council and the European Parliament, environment ministers voted today in Luxembourg to pass the Nature Restoration Law.

“This law is pivotal to combat climate change. We need to ensure legal certainty for people using soil and land,” Austrian climate minister Leonor Gewessler said during the debate."

https://www.euronews.com/my-europe/2024/06/17/nature-restoration-law-gets-green-light-after-austria-flips

CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

Okay so this piece contains a map of fatalities from: drought, wildfire, storm, landslide and flood.

What happened to "heat"?
Last year killed nearly 62,000 in .
Erasing heat deaths in is - shall we be charitable - irresponsible at best.

https://www.carbonbrief.org/analysis-africas-extreme-weather-have-killed-at-least-15000-people-in-2023/

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

If you don't count it, you can't work to prevent it. But are notoriously hard to count.

" is not commonly mentioned on because heat alone is rarely the main thing that kills people.

[In Maricopa County] they coined the term "environmental heat exposure" to encapsulate heat related factors that contributed to someone's death without necessarily being the primary driver."

https://www.npr.org/2024/05/30/nx-s1-4854224/death-heat-arizona-climate-change-medical-examiner

CelloMomOnCars OP , (edited )
@CelloMomOnCars@mastodon.social avatar

This is a fascinating account of the need to look beyond the boxes that you can check on a death certificate.

For instance, an unhoused person found dead with drugs in their blood didn't necessarily die of a drug overdose. Some drugs inhibit sweating, some make you more active, others make you feel the heat less so you don't take precautions.

Going to the scene of death with a thermometer needs to become a routine thing - but is not.

https://www.npr.org/2024/05/30/nx-s1-4854224/death-heat-arizona-climate-change-medical-examiner

CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

The #ClimateCrisis will make the 2008 mortgage crisis look like a walk in the park. With ice cream.

" Rising seas, bigger #floods, and other increasing #climate hazards have created a dangerous instability in the U.S. financial system. "

That, on top of developers building in flood plains and wildfire-prone places, and the US government providing the #insurance.

#ClimateChangeIsTheLastStraw
https://yaleclimateconnections.org/2023/04/bubble-trouble-climate-change-is-creating-a-huge-and-growing-u-s-real-estate-bubble/

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

"Swiss Re, one of the world’s biggest reinsurers, has said the industry significantly underestimated the fallout from recent natural disasters across Europe and warned that some areas have become “uninsurable”. "

https://www.ft.com/content/48b3e54a-771a-4a12-a412-527c34311ca9

The risk models are not working so well in a changed climate.

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

"A Nantucket home listed last summer for just over $2 million sold early this year for just $600,000. A barely remarkable Nor’easter in the fall wiped away an astounding 70 feet of the beach it sits on, thanks to sea level rise and unusually intense rainfall."

https://www.cnbc.com/2024/06/14/luxury-homes-on-these-beaches-are-losing-value-fast-as-effects-of-climate-change-hit-hard.html

If you pay attention, you can see the outlines of a mortgage crisis much bigger than the 2008 crisis.

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

"Higher premiums are also just the tip of the iceberg of the financial risks of . When state-run, last-resort insurance programs become overburdened, taxpayers end up footing the bill. A dwindling tax base and a foreclosure crisis in vulnerable areas could create risks for regional banks and spread risk to the broader economy. Without insurance, there is no market."

https://www.pressdemocrat.com/article/opinion/fabian-to-understand-climate-change-all-you-need-is-an-insurance-policy/

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

Someone has finally dropped the word "subprime" into a discussion of and .

" There’s a new kind of emerging in property portfolios. The number of homes in what you might call “” locations is rising and, in some parts of the world, property value—like a crumbing coastline—is at risk of erosion. Lenders are getting noticeably more reluctant to lend against these assets."

https://www.wired.com/story/banks-are-finally-realizing-what-climate-change-will-do-to-housing/

CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

"Spanish energy is expected to be much cheaper than in France and Germany. The Spanish 2024 annual contract is currently trading at €113/MWh – more than half the price of the French equivalent of €270/MWh."


https://www.pv-magazine.com/2022/11/01/spain-portugal-to-lead-renewables-in-europe-says-rystad/

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

"The boom began soon after the arrival of a new government under Mr Sánchez in 2018, with the removal of regulatory obstacles, and the introduction of subsidies for renewable installations.

Concerns about having an excess of electricity have led to discussion of the need to accelerate the "electrification" of the economy. The Sánchez government has set a target of making 34% of the economy reliant on electricity by 2030."

https://www.bbc.com/news/articles/czkkgnp1d2xo

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

@sindarina

It's economistspeak and, in the short term, in the limited context of our need to attract more investment in wind and solar, it's probably accurate.

But in the long term, I agree with you, it's the wrong framing. Better to speak of "abundance", and "accessible".

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