The Climate Bubble: Why Famous Capitalists Are So Focused on Climate Risks

Energy Gang

Wood Mackenzie

Tech News, Environment, Sustainability, Innovation, Renewable Energy, Technology, Alternative Energy, Energy, News, Cleantech, Wind Energy, Business, Climate Change, Solar Energy

4.6 • 1.3K Ratings

🗓️ 3 July 2014

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Former Treasury Secretary Hank Paulson recently made a bold comparison between the financial risks that led to the 2008 economic collapse and emerging climate risks: "We’re staring down a climate bubble that poses enormous risks to both our environment and economy. The warning signs are clear and growing more urgent as the risks go unchecked." New data suggests that Paulson is correct. In this week's podcast, we'll discuss a landmark report, called "Risky Business," that assesses the vast economic risks of climate change. Kate Gordon of the Center for the Next Generation joins us to talk about why Republican capitalists like Paulson are sounding the alarm on climate change. In the second half of the program, we'll talk about a new proposal for utility ownership of solar inverters. We'll also dissect a new GTM Research report on microgrid development in the U.S. This podcast is sponsored by eGauge Systems, a manufacturer of next-generation energy meters for solar generation and building demand, submetering, performance contracts, LEED projects and net zero buildings. The Energy Gang is produced by Greentechmedia.com. The show features weekly discussion between energy futurist Jigar Shah, energy policy expert Katherine Hamilton and Greentech Media Editor Stephen Lacey. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This podcast is brought to you by E-Gage Systems, manufacturers of the next generation of energy meters.
0:08.0	By combining an energy meter, data logger, and web server and one device, E-Gage provides the user with instantaneous access
0:15.0	to energy monitoring without ongoing fees. E-Gage is an ideal solution for
0:19.9	applications like sub-metering, demand analysis, performance contracts, solar energy systems, lead projects, and net zero buildings. Find out more at e-Gage.net. That's W. W.gage. net.
0:39.0	For the week of July 2nd, 2014, this is the Energy Gang from Green Tech Media.
0:50.0	In Washington, D.C., I'm Stephen Lacy. You know me as the senior editor of Green Tech Media,
0:56.0	but my friends know me as the only person they've ever heard of who makes a living partially off podcasting.
1:01.0	I'll take that.
1:02.0	Catherine Hamilton is with me as usual. She makes a living
1:05.5	consulting and lobbying on clean energy public policy as a partner with 38 North
1:10.3	Solutions here in DC. Catherine how are you you? Doing great. It's a little
1:14.3	sweltering here in the swamp. As always in the summer of DC. We've got Jiggershaw
1:19.6	with us as well. He's got a lot of different titles so I usually just spin a wheel
1:23.4	before the show and pick one. He's a partner with Clean Fleet
1:26.7	investors and is usually based in New York. Today he's in Chicago. How do you sir?
1:31.5	How are things? Things are good. I just came to Chicago for the 4th of July weekend.
1:36.0	Excellent. Well, I don't know what the weather is like in Chicago, but as Catherine mentioned, this is the time of year when everyone talks about how hot it is.
1:46.0	As repetitive as it might be, we just can't help ourselves.
1:50.0	And by my little internet thermometer here in front of me we're looking at 97 degrees with 76% humidity
1:55.4	Pretty uncomfortable, but not out of the ordinary for DC
1:58.9	But if we continue on our current emissions path, we could see an additional 17 to 50 extremely
2:06.2	hot days every year by the middle of the century.
	...

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