Climate Letter #647

Posted on April 29, 2016 by Carl Campbell
An analysis of this year’s temperature reports.  The principal chart uses the same baseline that is referred to whenever the 2C limit is being talked about.  (I wish they would all do that!)  It’s pretty clear that we are half way there, and that just staying on the yellow trendline would get us to 2C by around 2060.  Those little gray dots, which show monthly data, do not provide confidence that the main trend will either stay on the present course or hopefully turn downward.  For sure the latest dots are El Nino related, but what is it that makes this El Nino effect so exaggerated when compared to all the previous ones?  That has yet to be answered.

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The effect of rising temperatures on worker health and productivity.  A major new report from the UN takes a comprehensive look, keyed to actual and expected conditions in various locations.  As one might expect, the worst impacts tend to be found in tropical regions where there is much poverty and other common types of stress to deal with.
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The Marshall Islands climate situation is especially poor.  These folk, some 50,000 in number, have to worry about frequent recurrences of drought as well as sea level rise and other marine disturbances.  They do have a free pass into the United States to fall back on, some day, and quick relief measures for the present.
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What about the financial risks of climate change?  The London School of Economics has been doing research on this question and has come to the conclusion that certain financial assets are currently overvalued, stocks included.  This study goes well beyond the more commonly raised questions about the future of businesses related to fossil fuel production.  You need to listen to the 5-minute podcast for the best summary.  There is also a link to the full report.
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A London company is going all out on home energy storage.  The equipment will automatically load up with energy when electric utility rates are low, for use later on, under a flexible pricing regime.  It will also work in connection with rooftop solar installations.  The company expects a mass market to open up very soon, and may well be right.
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Storing energy for the grid with rail cars.  This is an updated version of a similar report made a few weeks ago, with a few new wrinkles.  Like pumped storage, I believe this methodology will have a future in places where appropriate terrain is available, serving as a handy adjunct to wind or solar production plants.
Carl

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