if you're wondering why climate impacts seem to be getting much worse suddenly, let me introduce you to the concept of non-linearity. A short 🧵:
In a linear system, things change in straight line. If climate impacts are linear, then every 0.1°C of warming would give you the same amount of damage.
In a non-linear world, on the other hand, every 0.1°C of warming produces larger damage than the previous 0.1°C.
This should make some sense. In a rain event, the first inch of rain does no damage, but the 20th inch of rain is going to be a catastrophe.
Thresholds are designed into the system when assumptions of the climate are built into a system. For example, when you build a bridge, you build in the capability for the bridge to expand/contract in response to a range of temperatures that you expect the bridge to experience.
With 1.1°C of global-average warming, we are departing the climatic conditions that much of the infrastructure designed in the 20th century was designed for.
Every 0.1°C of warming is going to push us past an exponentially increasing number of thresholds in the climate system.
We can therefore expect to see worse and worse impacts coming more and more frequently as the climate continues to warm.
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It also looks like they can access as much as 750 MW of power, which is about 1% of the total demand on the ERCOT grid during these sweltering summer days with temperatures > 100°F across much of the State.
How hot was June 2022 in TX? About as hot as it can get. Here are the number of 100+°F days in June in four cities from an ensemble of climate models.
Blue = maximum # of 100+ days in June in the ensemble
Orange = average of the ensemble
Red dot = actual # of 100+ days
A model ensemble is a large number of runs of climate models. Each run has a different realization of weather, so by looking at the range of predictions we can get an estimate of the worst case (the blue line) as well as the average (the orange line).
For Abilene and Austin, June 2022 was worse than any of the models predicted.
Do you remember the HSBC banker who said that climate change was not a financial risk?
I did a reaction video:
tl;dr: Institutional investors only care about the next few years. If you do not care about the planet/society beyond that, then climate change may not be a big risk.
I think he understands that this is a hard position to defend, so he mixes in some standard climate-denial tropes, like adaptation will be cheap and easy.