[✔️] January 19, 2023- Global Warming News Digest - FED $ risk, TV weather performers, Becisphere news summary -

[Richard Pauli]

/*January  19, 2023*/

/[ By the end of the year the Fed expects to know the risk.//"follow the 
money" //Will it ask again next year? ] /
*Fake hurricanes and oil protests: How the Fed will test banks*
By Avery Ellfeldt | 01/18/2023
The Federal Reserve is requiring the largest American banks to assess 
how a major hurricane in the northeastern United States would affect 
their real estate portfolios as part of a broader regulatory exercise to 
measure the financial threats of climate change.

The Fed released new details Tuesday about its anticipated “pilot 
climate scenario analysis,” which will focus on the banking system’s 
vulnerability to intensifying extreme weather events and business 
disruptions from the clean energy transition. The central bank said six 
major lenders — JPMorgan Chase & Co., Bank of America Corp., Wells Fargo 
& Co., Goldman Sachs Group Inc., Morgan Stanley and Citigroup Inc. — 
have until the end of July to report how they would perform under a 
range of future climate scenarios.
The update comes as financial regulators step up efforts to grasp the 
risk that rising temperatures have on banks, insurers and other 
companies. The Securities and Exchange Commission is poised to finalize 
a rule that would ask corporations to disclose their greenhouse gas 
emissions, including — in some cases — those that are released when 
people use their products. And the Federal Insurance Office within the 
Treasury Department is preparing to ask major insurers for details about 
their policies and claims, so it can identify geographic areas that 
might lack coverage as disasters grow more damaging.

The Fed exercise will have two prongs. The first will deal with the 
physical consequences of climate change on banks, like hurricanes, 
wildfires, floods, heat waves and droughts. Those events could threaten 
lenders if more frequent and severe natural disasters exacerbate the 
financial stress of their customers — and limit their ability to repay 
loans, officials said.

The banks will be asked to assess how their real estate portfolios would 
perform if hurricanes of varying size, or a series of hurricanes, raked 
the Northeast with high winds, storm surge and flooding. That has echoes 
of Superstorm Sandy, which killed at least 147 people and caused an 
estimated $80 billion in damage when it rammed into the East Coast in 2012.

The banks will also be asked to come up with a hypothetical climate 
impact, or series of events, that could occur in other regions of the 
country where they have substantial exposure. The banks will need to 
estimate the potential impact of that “hazard” on their real estate 
portfolios, accounting for different levels of insurance coverage and 
other factors.

The second prong of the exercise asks the banks to zero in on a 
different issue: how their books might fare during the clean energy 
transition. The Fed notes that the shift to low-carbon energy could 
affect a bank if, for instance, consumers turn against carbon-intensive 
business activities that are profitable to corporate lenders. It could 
also tarnish the creditworthiness of banks’ carbon-intensive clients 
that aren’t keeping pace with the transition, officials said.

The Fed will ask the banks to gauge their financial performance under 
two scenarios. The first is a future in which governments fail to adopt 
additional climate policies. In the second, the world successfully 
limits global warming to 1.5 degrees Celsius above preindustrial levels 
using “stringent climate policies and innovation.”

Citi and Wells Fargo declined to weigh in on the update from the central 
bank. Goldman Sachs, JPMorgan, Morgan Stanley and Bank of America did 
not respond to a request for comment.

The announcement comes as financial regulators face pressure from 
Democrats to ensure that financial institutions are addressing 
climate-fueled risks — and pressure from Republicans to stay out of the 
issue altogether.

That debate will likely ricochet through exercise. Some conservative 
lawmakers have accused the Fed of launching a “climate stress test” that 
could penalize banks for doing business with oil and gas companies — a 
claim that was rejected by financial officials. The progressive group 
Public Citizen, meanwhile, is already criticizing the Fed exercise for 
being too limited, saying it will “understate the risks these major 
banks face from climate change.”

Fed officials have repeatedly said that the results will not affect the 
banks, and that it is just an educational exercise. They have also 
emphasized that the effort is important because it will provide a 
greater understanding of the banks’ preparation for — and exposure to — 
rising temperatures.

To design the scenarios, the Fed built on work by the Intergovernmental 
Panel on Climate Change and the Network for Greening the Financial 
System (NGFS), a global coalition of central banks that has released its 
own set of scenarios. The group’s scenarios are used around the world, 
Fed officials said Tuesday.

The Fed does not plan to release detailed results from the analysis. 
Instead, the central bank will announce “aggregate level” results near 
the end of this year.
https://www.eenews.net/articles/fake-hurricanes-and-oil-protests-how-the-fed-will-test-banks/


/[ panic is unhealthy - instead, we have a predicament  - and a sad 
situation for media performers ]/
*Outlook? Terrifying: TV weather presenters on the hell and horror of 
the climate crisis*
What is it like to have a front row seat for the worst show in the 
world? Four meteorologists describe how they are explaining the reality 
to viewers – and coping with it themselves...
- -
“The onset of something called attribution studies has made our 
messaging easier and clearer. We are able to communicate now what we 
have been seeing and feeling and understanding for a lot longer.”
- -
It’s that incremental change that builds over time that has really sunk 
in for me – I now almost expect every storm to undergo rapid 
intensification.”
- -
Parker agrees there’s now a responsibility to educate. “We have to 
communicate climate in almost every forecast because it is our 
responsibility to give people perspective.”

And to accusations of scaremongering? “It is scary!” says Tobin. “The 
reality of climate change is very scary. We had thousands more deaths 
across the UK, tens of thousands across Europe, because of the extreme 
heatwave. People were warned to take all the precautions they could, 
look after the very old and vulnerable. But the reality is that 
temperatures that are hotter than our bodies cause people to die, and 
that will become my daughter’s summer normal when she is my age. That is 
scary.”

No sugar coating from Tobin then, but nor does she want it to be all 
doom and gloom and it’s-too-late. Getting it on air helps; she has also 
written a book, Everyday Ways to Save Our Planet. “I want people to know 
this is bad but actually we can stop it getting worse.” She puts it 
another way, in forecast form, though one she might not get away with on 
breakfast TV. “The outlook is shit. But how shit is it going to be? You 
can be responsible for making it just a little bit shit, rather than 
like really, really shit.”

https://www.theguardian.com/environment/2023/jan/18/outlook-terrifying-tv-weather-presenters-on-the-hell-and-horror-of-the-climate-crisis



/[  Beckisphere - young media woman's personal summary of major climate 
news - rare authenticity  ]/
*Ozone layer is HEALING! Gas stoves BREAK Twitter | RECAP*
Beckisphere Climate Corner
1.67K subscribers
Jan 18, 2023  #cookingwithgas #climatechange #cleanenergy
If you like the work I do, please consider joining the Beckisphere 
Patreon at https://www.patreon.com/beckisphere or buying me a cup of 
coffee at https://www.buymeacoffee.com/beckisphere. Remember to talk 
about the climate crisis every day and support your local news 
organizations!

Source list- 
https://heavenly-sceptre-002.notion.site/1-17-23-Climate-Recap-6c630db8190d46b6afa4d4447de05ddb
Timestamps-

    00:00 Intro
    00:51 California floods
    03:19 Kariba Lake drought
    04:20 Europe heatwave
    04:53 2023 will be HOT
    06:04 Ozone layer's healing
    07:35 Rue break!
    07:50 XR switches tactics
    09:52 Group sues England
    10:47 German coal protest
    12:30 Permian Basin smog
    13:53 Personal ad
    14:23 EPA redefines WOTUS
    16:47 Gas stove culture wars
    20:00 Closing notes

https://www.youtube.com/watch?v=Mc5XYpY8OO0



/[  CBS broadcast TV re-discovers sea level rise  - gee, they can return 
to this story at any time ]/
*Climate change impacts on U.S. coastlines*
CBS Sunday Morning
198,104 views  Jan 8, 2023  #pacifica #northcarolina #climatechange
A new NASA report says sea levels along U.S. coastlines are expected to 
rise as much as 12 inches by 2050, and by the end of the century 13 
million Americans could be displaced and $1 trillion worth of property 
inundated. Correspondent Ben Tracy looks at how residents of North 
Carolina's Barrier Islands, Galveston, Texas, and Pacifica, Calif., are 
grappling with changing coastlines, engaged in a battle that Mother 
Nature is winning.
#climatechange #northcarolina #pacifica #galvestontexas

"CBS Sunday Morning" features stories on the arts, music, nature, 
entertainment, sports, history, science and Americana, and highlights 
unique human accomplishments and achievements. Check local listings for 
CBS Sunday Morning broadcast times.
https://www.youtube.com/watch?v=z2GVbfCwYro

- -

/[ Pakistan builds structures that shows off new thinking   ]/
*Pakistanis build climate-resilient homes in aftermath of devastating 
floods*
PBS NewsHour
4,887 views  Jan 18, 2023
Pakistan is struggling to recover from last year’s cataclysmic flooding 
that killed more than 1,700. It was the latest in a string of 
weather-related disasters the country has faced over the past two 
decades, prompting calls to make hard-hit communities more resilient as 
they rebuild. Fred de Sam Lazaro reports from the flood-ravaged Sindh 
province, in partnership with the Pulitzer Center.
https://www.youtube.com/watch?v=o-x6uo7xHlM



/[ post panic time to take care  "despair is just beneath the surface" - 
Ro Randall  - 5 min video ]/
*Coping with the climate crisis 5: Hope and despair*
Ro Randall
Aug 13, 2020
Psychotherapist Rosemary Randall argues that the competing narratives of 
hope and despair that have emerged during the climate crisis both carry 
a desire for magical solutions and avoid difficult political work. 
Drawing on her experience in the consulting room, she suggests that we 
need to step past these narratives and face the work that needs to be done.
https://www.youtube.com/watch?v=yTjnibYegTM



/[ aspirational techno-fides -- new invention  ]/
*Jetoptera targets Mach 0.8 with bladeless-propulsion VTOL aircraft*
By Loz Blain
January 16, 2023
Like bladeless Dyson fans on steroids, Jetoptera's unique aircraft 
propulsion systems look like pure sci-fi. But they're beginning to 
demonstrate some fascinating capabilities in testing, and the next step 
will be a super-fast VTOL aircraft design.
*How Jetoptera's Fluidic Propulsion Systems work*
We've explained these fluidic propulsion systems before in detail. 
Indeed, Sir James Dyson did a pretty decent job of explaining the basic 
concept to The Telegraph back in 2010. But in a nutshell, they're not 
magic, they don't use ionic propulsion, and while there are no blades or 
moving parts visible, they require a flow of compressed air to function.
You can use whatever you like as a compressed air source, but Jetoptera 
doesn't see a ton of utility at this point in an electric compressor; 
battery density simply isn't high enough to deliver range figures the 
company would consider useful. Instead, the company is starting out with 
efficient gas turbine generators, routing the exhaust gas through the 
fluidic propulsion systems.

This compressed air is forced through tiny, directional slits all around 
the inner surface of Jetoptera's hollow propulsion units. These inner 
surfaces are shaped like wings, and they do the same job, creating a 
low-pressure vortex right in the middle of the loop as the compressed 
air rushes over them
The low-pressure vortex – plus the fluid entrainment vortices that form 
where the accelerated air rushes out the back and interacts with ambient 
air – sucks up to 15 times as much air through the loop as was fed 
through by the compressor, and this multiplies the thrust accordingly.

*The Benefits*
First and foremost is efficiency. Jetoptera says the system delivers 10% 
more thrust and uses 50% less fuel than a small turbojet. Compared to 
turbofans or turboprops, it's about 30% lighter and much less 
mechanically complex – clear advantages in aviation.
When it comes to transitioning VTOL aircraft, the fluidic propulsion 
system is much lighter and less complex than tilting propeller systems, 
and you're not trying to tilt a great big spinning gyroscope, so it's 
easier to adjust the angle as you transition between VTOL and cruise flight.
They're reportedly significantly quieter than propellers, too; with 
acoustic treatment Jetoptera says it's expecting to prove they're as 
much as 25 dBA quieter than a comparable prop, with an atonal noise 
signature. They also won't contribute much in the way of vibrations, 
although you do have to account for noise and vibrations from the 
combustion generator.

You can position them around your airframe without worrying about having 
spinning propellers near ground crew or pedestrians, and you can easily 
design them to retract into the airframe for high-speed cruise if necessary.

What's more, you can tailor the shape to suit your application; in a 
blown-wing short takeoff and landing (STOL) design, for example, you 
might design long, flattish fluidic propulsion units that can push air 
evenly right across the surface of the wing. Indeed, the ability to 
generate so much lift from a wing surface means you can have much 
shorter wings and a much more compact form factor than a traditional 
airplane design – hence why many of Jetoptera's concepts and prototypes 
use a tight box wing.
*Current test results*
Indeed, that's one of the things Jetoptera has been testing. The company 
says it's just finished its fourth Small Business Innovation Research 
(SBIR) contract with the US Air Force, all of which are stepping stones 
toward an eventual HSVTOL (High-speed VTOL) aircraft design.

The most recent contract allowed for the design and build of a test rig 
for an upper surface blown wing, using a high-lift flap system to 
deliver the maximum possible amount of lift. Jetoptera worked with 
aerospace heavyweight Northrop Grumman, and its subsidiary, 
unconventional aerospace design and materials specialist Scaled 
Composites, hooking up the test system to an electric compressor for 
static testing.

The company says the tests demonstrated lift coefficients "exceeding 8.0 
– up to 40% better than propeller blown wings results obtained under 
other programs and with lower noise emission and vibrations."
*Mach 0.8 HSVTOL design*
Jetoptera says it's also built a sub-scale model of its conceptual 
design for the AFWERX HSVTOL program, in which it's one of 11 companies 
still in the running to design a next-gen VTOL military aircraft capable 
of much higher performance than anything currently on the market.

The sub-scale model is already being tested in a wind tunnel. Jetoptera 
says it predicts this machine will be capable of speeds around Mach 0.8 
(988 km/h, 614 mph). That's faster than the cruise speed of a 
Dreamliner, and roughly twice as fast as any tiltrotor can manage. To 
reach these speeds, the fluidic propulsion systems will need to be fed 
by some pretty serious engines, so turbine engine specialist Pratt & 
Whitney is joining Northrop Grumman and Scaled Composites on the project 
team.

The concept aircraft design will be validated in the next six months, as 
part of a separate Small Business Technology Transfer (STTR) contract 
with AFWERX that's already underway, and Jetoptera says it expects to 
have a demonstrator built in 2025 – perhaps not full scale, but "the 
largest size HSVTOL demonstrator we have ever worked on and with unique 
capabilities."
For such a radically different and sci-fi-looking concept, Jetoptera's 
fluidic propulsion system is certainly starting to look like it's got a 
legitimate contribution to make in the aerospace world. The company says 
it's signed a deal for a parafoil propulsion system, and it's in 
discussions with other companies looking to use these things on manned 
and unmanned aircraft in a range of sizes. It's amassed more than 50 
patents, with at least 100 more in the pipeline.

One thing it hasn't done much of is updating its YouTube channel and 
publicity materials, so you'll have to look at this four-year-old video 
to see the fluidic propulsion system in action on a remote-controlled 
aircraft.
https://newatlas.com/aircraft/jetoptera-bladeless-hsvtol/



/[The news archive - looking back at the heroism of James Hansen - 
promoting simple science understanding - early showdown with ignorance.  
Physical reality prevails ]/
/*January 19, 2005*/
January 19, 2005: The Washington Post profiles NASA climate scientist 
James Hansen, noting his conflicts with the Bush administration over 
climate science.

    *Putting Some Heat on Bush*
    Scientist Inspires Anger, Awe for Challenges on Global Warming
    By Juliet Eilperin
    Washington Post Staff Writer
    Wednesday, January 19, 2005
    In his worn navy windbreaker, 63-year-old climatologist James E.
    Hansen looks more like the Iowa farm native that he is than a rebel
    -- but he's both.

    Hansen, a lifelong government employee who heads NASA's Goddard
    Institute for Space Studies in New York, has inspired both anger and
    awe in the nation's scientific and political communities since
    publicly denouncing the Bush administration's policy on climate
    change last year.

    Speaking in the swing state of Iowa days before the presidential
    election, Hansen accused a senior administration official of trying
    to block him from discussing the dangerous effects of global warming.

    In the University of Iowa speech, Hansen recounted how NASA
    Administrator Sean O'Keefe told him in a 2003 meeting that he
    shouldn't talk "about dangerous anthropogenic interference" --
    humans' influence on the atmosphere -- "because we do not know
    enough or have enough evidence for what would constitute dangerous
    anthropogenic interference."

    But Hansen said that scientists know enough to conclude we have
    reached this danger point and that their efforts to get the word out
    are being blocked by the administration. "In my more than three
    decades in government, I have never seen anything approaching the
    degree to which information flow from scientists to the public has
    been screened and controlled as it has now," Hansen said. He added
    that although the administration wants to wait 10 years to evaluate
    climate change, "delay of another decade, I argue, is a colossal risk."

    Senior administration officials deny Hansen's charges: O'Keefe
    spokesman Glenn Mahone said the administrator doesn't "recall ever
    having the conversation" on climate change that Hansen described,
    adding that O'Keefe "has encouraged open dialogue and open
    conversation about those issues."

    But Hansen, who has worked for NASA since he was 25, has continued
    to chide the administration for not moving swiftly enough to address
    global warming. In a recent interview, he called Bush officials
    "reasonable people" who need to be convinced that climate change is
    an urgent matter.

    "As the evidence gathers, you would hope they would be flexible,"
    Hansen said in the slow, measured tones he has retained from his
    years growing up on an Iowa farm. "We have to deal with this. You
    can't ignore it."

    The ongoing sparring match between Hansen and his superiors
    underscores a broader tension between President Bush's top policy
    advisers and many senior U.S. scientists, who have loudly blasted
    the administration's approach to environmental questions in recent
    months. Nearly 50 Nobel laureates endorsed Sen. John F. Kerry
    (D-Mass.) for president; this year the Union of Concerned Scientists
    has collected more than 6,000 scientists' signatures on a letter
    questioning how the president applies research to policymaking.

    After the barrage of criticism, John H. Marburger III, Bush's top
    science adviser, told Science magazine that if the researchers
    continue their protests, they might alienate influential lawmakers
    who set federal science budgets.

    Hansen, who also took on Bush's father, President George H.W. Bush,
    on the question of climate change in the late 1980s, is undeterred.
    An advocate for caps on carbon dioxide emissions and stricter fuel
    standards for automobiles -- two policies that Bush advisers say
    would hurt the U.S. economy -- Hansen said he has to oppose what he
    said is the government's choice to delay action on new regulations
    to limit emissions under the guise of seeking more scientific research.

    "We have got to be an independent voice. We should not be influenced
    in any way by funding," Hansen said.

    Hansen is no stranger to controversy. In 1989, he accused the Office
    of Management and Budget of watering down his congressional
    testimony on climate change to make the situation appear less dire.

    "I'm strictly trying to understand the Earth as a planet," said
    Hansen, who started his career studying the clouds around Venus but
    switched in 1978 to climate modeling.

    The administration has done nothing to punish Hansen since he made
    his public comments last fall, and Marburger said in an interview
    that he considers Hansen "a very good climate scientist" who should
    stick to scientific analysis instead of policy prescriptions.

    "I take his work seriously. His work has had a big impact on this
    administration's climate-change policy," Marburger said. "But he's
    not an economist. The fact that he's a good scientist does not
    necessarily make him the best person to formulate policy that would
    affect the economy."

    Former vice president Al Gore, who backs limits on emissions of
    carbon dioxide, said the administration's strained relationship with
    Hansen shows the "contempt for the rule of reason" of Bush and his
    deputies.

    "When science conflicts with the exercise of power, they attempt to
    demean the messenger attempting to deliver the truth, and they seek
    out self-interested advocates of alternative views of reality," said
    Gore, who as a senator defended Hansen during the controversy over
    his 1989 testimony.

    Within the scientific community, Hansen remains respected for much
    of his research, though some have questioned his recent studies on
    the effect of aerosols on global warming. He is popular at the space
    institute -- housed at Columbia University above the famed diner
    from the comedy series "Seinfield" -- where he has played Frisbee in
    the halls.

    Gavin A. Schmidt, a climatologist who has worked with Hansen at
    Goddard for nearly a decade, said Hansen gets his leverage from the
    fact that he a senior scholar who is still breaking scientific ground.

    "Very few people have that kind of longevity and credibility and are
    still doing new things," Schmidt said. "Any time he says something,
    it's news. He still sets the agenda."

    Kevin E. Trenberth, who heads the climate analysis section of the
    nonprofit, federally funded National Center for Atmospheric
    Research, said Hansen's willingness to espouse the dominant
    scientific view on climate change "is a responsible thing to do,
    even if it puts at potential jeopardy his own position." Trenberth
    added: "This is an important issue, a long-term issue that affects
    humanity in the future."

    Some, however, have questioned Hansen's approach. Patrick J.
    Michaels, a climatologist and a senior fellow in environmental
    studies at the libertarian Cato Institute, said it was inappropriate
    for Hansen as a federal employee to attack the administration in a
    battleground state less than two weeks before the election.

    "The problem with Jim is he does climate and then he makes policy
    decisions that I don't think are very thoughtful," said Michaels,
    who receives funding from public and industry sources, and opposes
    mandatory carbon controls.

    Hansen has found some common ground with administration officials,
    who like his recent findings that curbing methane emissions from
    landfills, mining operations and gas-drilling ventures can help
    counter warming. The administration recently persuaded more than a
    dozen countries to sign a pact to capture methane before it is
    released into the atmosphere, a program Hansen praised.

    But it remains unclear whether Bush officials can reach some sort of
    detente with Hansen, who said in a recent e-mail that he is not
    interested in "making the administration mad" but in persuading it
    to cut carbon dioxide emissions from power plants and elsewhere. But
    in the meantime, Hansen said he will continue to press ahead with
    both research and advocacy.

    "You can't just give up," he said. "I remain optimistic, even in
    this administration, that the evidence is going to become strong
    enough so there's a chance there will be a change in policy."

http://www.washingtonpost.com/wp-dyn/articles/A19162-2005Jan18.html



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