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The price of a greener grid

Climate Changed Newsletter
Bloomberg Climate Changed
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The road to a world powered by renewable energy is littered with unintended consequences, like a 40,000% surge in electricity prices. A spate of recent power price spikes around the world should serve as a warning to governments replacing aging nuclear reactors and coal-fired plants with renewables: Losing massive, around-the-clock generators can be a challenge, if not carefully planned. —Josh Petri

 
"I can't imagine a situation where there's bipartisan climate legislation happening."

—Waleed Shahid, a spokesman for Justice Democrats, an activist group that supports the Green New Deal. Even a Democratic landslide in 2020 won't guarantee major climate action.

 
 
Top stories

The Trump administration is seeking to abandon regulations designed to stop methane leaks from oil and gas wells, a move opposed not just by environmentalists but even some energy companies worried it will undermine the appeal of natural gas as climate-friendly fuel.

The California Air Resources Board has a plan to help save Brazil's burning rainforests by building markets for C02 emissions credits generated by forest protection.

French vintners haven't lived through such a succession of hot weather and dry harvests since at least the time of the Black Death in the 14th century.

Dow is partnering with a Dutch company to turn plastic trash back into oil that can be used in a fresh round of manufacturing. The global chemical powerhouse is under pressure to address plastic waste.

The so-called Northern Sea Route, which cuts through the rapidly warming Arctic, is being promoted by Russia as a faster way to ship cargo between Asia and Europe. French President Emmanuel Macron, however, is calling on container lines to avoid the route. "This route will kill us in the end," he said. "It is the consequence of our past irresponsibility."

Correction: Last week's newsletter incorrectly described U.S. Senator Bernie Sanders' proposal to sell energy produced by government-funded renewable power projects. 

 
What we've been reading

Excessive heat is deadly to humans. As the climate warms, heat waves are growing longer, hotter and more frequent. Humans have never lived on a planet as hot as the one we have now. Can we survive

Floods cause more property damage in the U.S. than any other type of natural disaster. Some neighborhoods flood so often that a growing number of homeowners are taking buyouts made possible with FEMA funds.

The human population is expected to climb to 9.7 billion in 2050. Unfortunately, the global food supply is expected to plummet thanks to drought, heat, flooding, superstorms, and insect infestations.

 

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