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Posts Tagged ‘transmission

“Not taking risks one doesn’t understand is often the best form of risk management”*…

 

climate and risk

 

Jerry Taylor is the CEO of the Niskanen Center.  A veteran of conservative and libertarian think tanks (including the infamous ALEC) who spent much of his career working to thwart climate change mitigation moves, he has had a change of heart…

I spent the better part of my professional life (1991-2014) working at a libertarian think tank—the Cato Institute—arguing against climate action. As Cato’s director of Natural Resource Studies (and later, as a senior fellow and eventually vice president), I maintained that, while climate change was real, the impacts would likely prove rather modest and that the cost of reducing greenhouse gas emissions would greatly exceed the benefits.

I changed my mind about that, however, because (among other things) I changed my mind about risk management.

If we think about climate risks in the same fashion we think about risks in other contexts, we should most certainly hedge—and hedge aggressively—by removing fossil fuels from the economy as quickly as possible.

Let me explain…

And so he does, at “What Changed My Mind About Climate Change?

* Raghuram G. Rajan

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As we struggle to be good ancestors, we might recall that it was on this date (as nearly as scholars can mark it), that the first long-distance electric power transmission line in the United States was completed: 14 miles between a generator at Willamette Falls and downtown Portland, Oregon.  While the distance seems trivial today, the feat was considered a major engineering accomplishment in its time.

transmission

An illustration of the Willamette power station and transmission line painted by one of its engineers

source

 

Written by LW

June 3, 2019 at 1:01 am

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