Climate Letter #473

A report from Worldwatch Institute on the state of the oceans.  Severe pressure is coming from many sources, leaving behind a real mess.  Human CO2 emissions are providing a double whammy, causing both unwanted warming and acidification of the waters.

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Jellyfish tend to thrive in waters that are warm and acidic with low oxygen.  There are more and more reports of large blooms appearing in unexpected places, where they are not at all welcome.
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Citigroup places a value of $100 trillion on potential stranded assets of fossil fuels.  That means the estimated value of forfeited market sales of known reserves, not all of which are developed and ready to produce.  Many of the details are spelled out.  What is missing is a figure representing the current investment (or resale) value of these assets as they now exist in the ground, which is very much less but still substantial.  The coal industry is in the least favorable position on almost every count.
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Bill McKibben comments on the Muslim call for climate action.  “One of the things that makes this particular document so interesting is the fact that a large share of the world’s hydrocarbons lie beneath Muslim nations, be it Mideast oil or Indonesian coal.”
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A new type of battery is said to last indefinitely.  This one, made by a collaboration of MIT and Samsung, uses a solid electrolyte, which would be truly revolutionary.  The claims come from a reputable source but have yet to be verified.
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A new technique for producing concentrated solar power on a small scale.  The key is quick and easy installation in order to minimize costs, which would make it ideal for many locations.
Carl

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