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Financial Systems and Climate Vulnerabilities

image credit: Tesla News
John Benson's picture
Senior Consultant Microgrid Labs

PROFESSIONAL EXPERIENCE: Microgrid Labs, Inc. Advisor: 2014 to Present Developed product plans, conceptual and preliminary designs for projects, performed industry surveys and developed...

  • Member since 2013
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  • Mar 17, 2020
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In past posts we’ve frequently visited the economics behind renewables, but this is a different journey.

This paper will look at the largest industries, and those that are unique in their sensitivity to the forces that are likely to be brought about by predicted changes to our environment and economy resulting from climate change.

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Matt Chester's picture
Matt Chester on Mar 17, 2020

Thanks for sharing John, and well said. 

In particular this caught my eye: 

The one caveat at the beginning of this section, “If properly managed…” results from repeated demonstrations that even the best positioned company can be poorly managed

I worry that too many large actors seem to not recognize their vulnerabilities (willingly or out of ignorance) until it's too late-- and with climate effects you're looking at something more challenging to recovery and re-prepare for than you are one off events that have been more the forces they've had to deal with in the past. Hopefully forward-looking utilities are indeed taking preparedness and resilience seriously well before the measures are actually needed. 

John Benson's picture
John Benson on Mar 17, 2020

Hi Matt:

Thanks for the comment.

You're absolutely right. Large corporations do not have a really good record on envisioning the future, but it's their responsibility under due diligence to do so. The punishment is - your company ceases to exist (hello PG&E).

Also, since many of our politicians are oblivious to climate change, it would be good if some people that have great influence on them would be the adults in the room.

-John

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