Tag Archives: risk

2015 Year in Review

I’m going to try picking the most frightening, most hopeful, and most interesting post from each month. If the most interesting is also the most frightening or most hopeful, I’ll pick the next most interesting. Then I’ll have 12 nominees in each category and I’ll try to pick the most frightening, hopeful, and interesting posts of the year.

JANUARY

Most frightening: Johan Rockstrom and company have updated their 2009 planetary boundaries work. The news is not getting any better. 4 of the 9 boundaries are not in the “safe operating space”: climate change, loss of biosphere integrity, land-system change, altered biogeochemical cycles (phosphorus and nitrogen).

Most hopeful: It is starting to seem politically possible for the U.S. to strengthen regulation of risk-taking by huge financial firms.

Most interesting: Taxi medallions have been called the “best investment in America”, but now ride-sharing services may destroy them.

FEBRUARY

Most frightening: There are some depressing new books out there about all the bad things that could happen to the world, from nuclear terrorism to pandemics. Also a “financial black hole”, a “major breakdown of the Internet”, “the underpopulation bomb”, the “death of death”, and more!

Most hopeful: A new study suggests a sudden, catastrophic climate tipping point may not be too likely.

Most interesting: Government fragmentation explains at least part of suburban sprawl and urban decline in U.S. states, with Pennsylvania among the worst.

MARCH

Most frightening: The drought in California and the U.S. Southwest is the worst ever, including one that wiped out an earlier civilization in the same spot. At least it is being taken seriously and some policies are being put in place. Meanwhile Sao Paulo, Brazil is emerging as a cautionary tale of what happens when the political and professional leadership in a major urban area fail to take drought seriously. Some people are predicting that water shortages could spark serious social unrest in developing countries.

Most hopeful: If we want to design ecosystems or just do some wildlife-friendly gardening, there is plenty of information on plants, butterflies, and pollinators out there. There is also an emerging literature on spatial habitat fragmentation and how it can be purposely designed and controlled for maximum benefit.

Most interesting (I just couldn’t choose between these):

  • Innovation in synthetic drugs is quickly outpacing the ability of regulatory agencies to adapt. (I struggled whether to put this in the negative or positive column. Drugs certainly cause suffering and social problems. But that is true of legal tobacco and alcohol, and prescription drugs, as well as illegal drugs. The policy frameworks countries have used to deal with illegal drugs in the past half century or so, most conspicuously the U.S. “war” on drugs, have led to more harm than good, and it is a good thing that governments are starting to acknowledge this and consider new policies for the changing times.)
  • Germ-line engineering is much further along than anyone imagined.” This means basically editing the DNA of egg and sperm cells at will. I put this in the positive column because it can mean huge health advances. Obviously there are risks and ethical concerns too.

APRIL

Most frightening: A group of well-known economists is concerned that the entire world has entered a period of persistently low economic growth, or “secular stagnation“.

Most hopeful: Donald Shoup, author of The High Cost of Free Parking, is retiring. That might sound bad, but his ground-breaking ideas are continuing on and actually seem to be going mainstream.

Most interesting:

  • Biotechnology may soon bring us the tools to seriously monkey with photosynthesis. (This is one of those stories where I struggle between the positive and negative columns, but clearly there is a potential upside when we will have so many mouths to feed.)
  • Peter Thiel thinks we can live forever. (positive, but do see my earlier comment about mouths to feed…)

MAY

Most frightening: We’ve hit 400 ppm carbon dioxide in the atmosphere, not just some places sometimes but pretty much everywhere, all the time.

Most hopeful: The rhetoric on renewable energy is really changing as it starts to seriously challenge fossil fuels on economic grounds. Following the Fukushima disaster, when all Japan’s nuclear reactors were shut down, the gap was made up largely with liquid natural gas and with almost no disruption of consumer service. But renewables also grew explosively. Some are suggesting Saudi Arabia is supporting lower oil prices in part to stay competitive with renewables. Wind and solar capacity are growing quickly in many parts of the world.Lester Brown says the tide has turned and renewables are now unstoppable.

Most interesting: Human chemical use to combat diseases, bugs, and weeds is causing the diseases, bugs and weeds to evolve fast.

JUNE

Most frightening: One estimate says that climate change may reduce global economic growth by 3% in 2050 and 7-8% by 2100. Climate change may also double the frequency of El Nino. The DICE model is available to look at climate-economy linkages. Dennis Meadows and Jorgen Randers describe what a coming long, slow decline might look like. Rising temperatures in the Arctic are drying things out, leading to more fires, which burns more carbon, which raises temperatures, in an accelerating feedback loop.

Most hopeful: Stock values of U.S. coal companies have collapsed.

Most interesting: According to Paul Romer, academic economics has lost its way and is bogged down in “mathiness”.

JULY

Most frightening: James Hansen is warning of much faster and greater sea level rise than current mainstream expectations.

Most hopeful: Edible Forest Gardens is a great two book set that lays out an agenda for productive and low-input ecological garden design in eastern North America. You can turn your lawn into a food forest today.

Most interesting:

AUGUST

Most frightening: Steven Hawking is worried about an artificial intelligence arms race starting “within years, not decades”.

Most hopeful: It may be possible to capture atmospheric carbon and turn it into high-strength, valuable carbon fiber. This sounds like a potential game-changer to me, because if carbon fiber were cheap it could be substituted for a lot of heavy, toxic and energy-intensive materials we use now, and open up possibilities for entirely new types of structures and vehicles.

Most interesting:

  • gene drive” technology helps make sure that genetically engineered traits are passed along to offspring.
  • Technology marches on – quantum computing is in early emergence, the “internet of things” is arriving at the “peak of inflated expectations”, big data is crashing into the “trough of disillusionment”, virtual reality is beginning its assent to the “plateau of productivity”, and speech recognition is arriving on the plateau. And super-intelligent rodents may be on the way.
  • Robotics may be on the verge of a Cambrian explosion, which will almost certainly be bad for some types of jobs, but will also bring us things like cars that avoid pedestrians and computer chips powered by sweat. I for one am excited to be alive at this moment in history.

SEPTEMBER

Most frightening: Climate may be playing a role in the current refugee crisis, and the future may hold much more of this.

Most hopeful: The right mix of variety and repetition might be the key to learning.

Most interesting: Edward Tufte does not like Infographics.

OCTOBER

Most frightening: Corrupt Russian officials appear to be selling nuclear materials in Moldova.

Most hopeful: Elephants seem to have very low rates of cancer. Maybe we could learn their secrets.

Most interesting: Stephen Hawking is worried about inequality and technological unemployment.

NOVEMBER

Most frightening: I noticed that Robert Costanza in 2014 issued an update to his seminal 1997 paper on ecosystem services. He now estimates their value at $125 trillion per year, compared to a world economy of $77 trillion per year. Each year we are using up about $4-20 trillion in value more than the Earth is able to replenish. The correct conclusion here is that we can’t live without ecosystem services any time soon with our current level of knowledge and wealth, and yet we are depleting the natural capital that produces them. We were all lucky enough to inherit an enormous trust fund of natural capital at birth, and we are spending it down like the spoiled trust fund babies we are. We are living it up, and we measure our wealth based on that lifestyle, but we don’t have a bank statement so we don’t actually know when that nest egg is going to run out.

Most hopeful: There are plenty of ways to store intermittent solar and wind power so they can provide a constant, reliable electricity source.

Most interesting: Asimov’s yeast vats are finally here. This is good because it allows us to produce food without photosynthesis, but bad because it allows us to produce food without photosynthesis.

DECEMBER

Most frightening: Cyberattacks or superflares could destroy the U.S. electric grid.

Most hopeful: We had the Paris agreement. It is possible to be cynical about this agreement but it is the best agreement we have had so far.

Most interesting: I mused about whether it is really possible the U.S. could go down a fascist path. I reviewed Robert Paxton’s five stages of fascism. I am a little worried, but some knowledgeable people say not to worry. After reading Alice Goffman’s book On the Runthough, one could conclude that a certain segment of our population is living in a fascist police state right now. There is some fairly strong evidence that financial crises have tended to favor the rise of the right wing in Europe.

DISCUSSION

Well, one thing that certainly jumps out on the technology front is biotechnology. We have a couple articles about the possibility of drastic increases in the human lifespan, and what that would mean. “Germ-line engineering”, “gene drive”, and “CRISPR” are all ways of monkeying with DNA directly, even in ways that get passed along to offspring. To produce more food, we may be able to monkey with the fundamentals of photosynthesis, and if that doesn’t work we can use genetically engineered yeast to bypass photosythesis entirely.

At the risk of copyright infringement, I am reproducing the “Gartner hype cycle” below, which was mentioned in one of the posts from August.

Gartner Hype Cycle

Gartner Hype Cycle

Government and corporate labs have been making huge advances in biotechnology in the last decade or so, so it is well beyond the “innovation trigger”. It has not yet reached the “peak of inflated expectations” where it would explode onto the commercial and media scene with a lot of fanfare. I expect that will happen. We will probably see a biotech boom, a biotech bubble, and a biotech bust similar to what we saw with the computers and the internet. And then it will quietly pervade every aspect of our daily lives similar to computers and the internet, and our children will shrug and assume it has always been that way.

Obviously there are dangers. A generation of people that refuse to die on time would be one. Bioterrorism is obviously one. Then there is the more subtle matter that as we raise the limit on the size our population and consumption level can attain, the footprint of our civilization will just grow to meet the new limit. When and how we come up against these limits, and what to do about it, is the subject of the updates to two seminal papers on these issues, by Rockstrom and Costanza. We have entered an “unsafe operating space” (Rockstrom), where we are depleting much more natural capital each year than the planet can replenish (Costanza), and there will be consequences. The Paris agreement is one hopeful sign that our civilization might be able to deal with these problems, but even if we deal with the carbon emission problem, it might be too late to prevent the worst consequences, and there are going to be “layers of limits” as the authors of Limits to Growth put it all those decades ago. If we take care of the global warming problem and figure out a way to grow food for 50 billion people, eventually we will grow to 50 billion people and have to think of something else.

So without further ado:

Most frightening: I can’t pick just one. In the relatively near term, it’s the stalling out of the world economy; the convergence of climate change, drought, and the challenge of feeding so many people; and the ongoing risks from nuclear and biological weapons.

Most hopeful: I see some hope on energy and land use issues. The Paris agreement, combined with renewable energy and energy storage breakthroughs, the potential for much more efficient use of space in cities rather than letting cars take up most of the space, are all hopeful. The possibility of making carbon fiber out of carbon emissions is a particularly intriguing one. At my personal scale, I am excited to do some sustainable gardening of native species that can feed both people and wildlife. I don’t expect my tiny garden to make a major difference in the world, but if we all had sustainable gardens, they were all connected, and we weren’t wasting so much space on roads and parking, it could start adding up to a much more sustainable land use pattern.

Most interesting: I’ve already mentioned a lot of stuff, so I will just pick something I haven’t already mentioned in the discussion above: the rise of synthetic drugs. It’s just an interesting article and makes you think about what it will mean to have advanced chemical, information, and biological technologies in the hands of the little guy, actually many, many little guys. It is a brave, new, dangerous, exciting world indeed. Happy new year!

cyberattacks and superflares

Need some new things to worry about? Look no further!

  1. a catastrophic cyberattack on the U.S. electric infrastructure

In this New York Times bestselling investigation, Ted Koppel reveals that a major cyberattack on America’s power grid is not only possible but likely, that it would be devastating, and that the United States is shockingly unprepared.
 
Imagine a blackout lasting not days, but weeks or months. Tens of millions of people over several states are affected. For those without access to a generator, there is no running water, no sewage, no refrigeration or light. Food and medical supplies are dwindling. Devices we rely on have gone dark. Banks no longer function, looting is widespread, and law and order are being tested as never before.

It isn’t just a scenario. A well-designed attack on just one of the nation’s three electric power grids could cripple much of our infrastructure—and in the age of cyberwarfare, a laptop has become the only necessary weapon. Several nations hostile to the United States could launch such an assault at any time. In fact, as a former chief scientist of the NSA reveals, China and Russia have already penetrated the grid. And a cybersecurity advisor to President Obama believes that independent actors—from “hacktivists” to terrorists—have the capability as well. “It’s not a question of if,” says Centcom Commander General Lloyd Austin, “it’s a question of when.”

2. in case people are not enough to worry about, the Sun could turn on us.

Astrophysicists have discovered a stellar “superflare” on a star observed by NASA’s Kepler space telescope with wave patterns similar to those that have been observed in the Sun’s solar flares. (Superflares are flares that are thousands of times more powerful than those ever recorded on the Sun, and are frequently observed on some stars.)

The scientists found the evidence in the star KIC9655129 in the Milky Way. They suggest there are similarities between the superflare on KIC9655129 and the Sun’s solar flares, so the underlying physics of the flares might be the same…

Typical solar flares can have energies equivalent to a 100 million megaton bombs, but a superflare on our Sun could release energy equivalent to a billion megaton bombs.

The Bank of England on Climate Change

The Bank of England believes in climate change.

“The far-sighted amongst you are anticipating broader global impacts on property, migration and political stability, as well as food and water security.”

But he said because the cost would fall on future generations there was little impetus on the current one to fix it: “In other words, once climate change becomes a defining issue for financial stability, it may already be too late.”

value of levees

This study seems to have had trouble finding any measurable economic value of levees, which is interesting.

The value of levee protection to commercial properties

Volume 119, November 2015, Pages 181–188

Levees have historically been a dominant approach to riverine flood control in the United States. Recent investigations have found many levees around the country are in substandard condition, however, and some communities are moving to upgrade and repair their levee systems. Little empirical work has examined how increasing flood protection from levees is valued. We present estimates of the capitalization of upgraded levee protection into commercial property prices in St. Louis County, Missouri. By using controls for surrounding land cover and coarsened exact matching to ensure close distribution between treatment and control on surrounding land cover, we attempt to isolate the price effect of the levee from agglomeration effects that may also be operating. We find that commercial properties protected by a 500-year levee do not have a statistically significant price discount as compared with properties not in a floodplain. We find the selling price of properties with levee protection to be higher (although also insignificant in many specifications) than those in a floodplain without levee protection.

environmentalists and poor communication

Here a marketing person criticizes the communication strategies of scientists and environmentalists.

our side likes complexity. And in communications, only simplicity works. Our side doesn’t like simplicity because they view it as manipulative or not capturing the truth. Without simplicity, people don’t remember anything. Another thing: The research shows and common sense tells you that that this is a really tough, depressing issue to get your head around. So they really can’t do it unless they know what can be done about it. And we don’t put forward a clear solution. Go out on the street and ask people, “What can we do about climate change?” They won’t know. So we have to make this a lot simpler…

Public interest types, across the board — we think because we’ve said something, know something, or done something, that everybody else knows it. We don’t realize the bubble we live in.  It’s only when you’ve said something so many times that you’re utterly and completely sick of it that someone has even heard it. Marketers understand this. Scientists and people from the humanities less so — they get bored by it. “We already had our op-ed in the New York Times! The world knows!” But it takes so much more repetition than that.

I mean, as a country, even the intelligentsia has not fully realized that we are in a planetary emergency and we are running rapidly out of time.

Actually, I get criticized by my fellow engineers almost daily for oversimplifying complex issues and for repeating myself to the point of annoyance. It turns out, maybe I have some communication instincts after all!

Lloyds of London is worried about food

Lloyds of London says we should be worried about the food supply. And yes, they have insurance for that.

Global demand for food is on the rise, driven by unprecedented growth in the world’s population and widespread shifts in consumption patterns as countries develop. The Food and Agriculture Organization (FAO) projects that global agricultural production will need to more than double by 2050 to close the gap between food supply and demand. As this chronic pressure increases, the food system is becoming increasingly vulnerable to acute shocks…

Sudden disruptions to the supply chain could reduce the global food supply and trigger a spike in food prices, leading to substantial knock-on effects for businesses and societies. The food system’s existing vulnerability to systemic shocks is being exacerbated by factors such as climate change, water stress, ongoing globalisation, and heightening political instability…

A shock to the global food supply could trigger significant claims across multiple classes of insurance, including (but not limited to) terrorism and political violence, political risk, business interruption, marine and aviation, agriculture, environmental liability, and product
liability and recall. These losses could be compounded by the potential for a food system shock to last for many years; and the ability of insurers to pay claims quickly is expected to be an important factor in post-shock recovery. More broadly, the insurance industry may also be affected by impacts on investment income and the global regulatory and business environment.

The Pope vs. the Unabomber

Which of these quotes are from the pope’s encyclical, and which are from the Unabomber?Answers at the bottom.

I. The Industrial Revolution and its consequences have been a disaster for the human race. They have greatly increased the life-expectancy of those of us who live in “advanced” countries, but they have destabilized society, have made life unfulfilling, have subjected
human beings to indignities, have led to widespread psychological suffering (in the Third World to physical suffering as well) and have inflicted severe damage on the natural world. The continued development of technology will worsen the situation. It will certainly subject human beings to greater indignities and inflict greater damage on the natural world, it will probably lead to greater social disruption and psychological suffering, and it may lead to increased physical suffering even in “advanced” countries.

II. There is also the fact that people no longer seem to believe in a happy future; they no longer have blind trust in a better tomorrow based on the present state of the world and our technical abilities. There is a growing awareness that scientific and technological progress cannot be equated with the progress of humanity and history, a growing sense that the way to a better future lies elsewhere. This is not to reject the possibilities which technology continues to offer us. But humanity has changed profoundly, and the accumulation of constant novelties exalts a superficiality which pulls us in one direction. It becomes difficult to pause and recover depth in life. If architecture reflects the spirit of an age, our megastructures and drab apartment blocks express the spirit of globalized technology, where a constant flood of new products coexists with a tedious monotony. Let us refuse to resign ourselves to this, and continue to wonder about the purpose and meaning of everything. Otherwise we would simply legitimate the present situation and need new forms of escapism to help us endure the emptiness.

III. You can’t get rid of the “bad” parts of technology and retain only the “good” parts. Take modern medicine, for example. Progress in medical science depends on progress in chemistry, physics, biology, computer science and other fields. Advanced medical treatments require expensive, high-tech equipment that can be made available only by a technologically progressive, economically rich society. Clearly you can’t have much progress in medicine without the whole technological system and everything that goes with it.

IV. Yet it must also be recognized that nuclear energy, biotechnology, information technology, knowledge of our DNA, and many other abilities which we have acquired, have given us tremendous power. More precisely, they have given those with the knowledge, and especially the economic resources to use them, an impressive dominance over the whole of humanity and the entire world. Never has humanity had such power over itself, yet nothing ensures that it will be used wisely, particularly when we consider how it is currently being used. We need but think of the nuclear bombs dropped in the middle of the twentieth century, or the array of technology which Nazism, Communism and other totalitarian regimes have employed to kill millions of people, to say nothing of the increasingly deadly arsenal of weapons available for modern warfare. In whose hands does all this power lie, or will it eventually end up? It is extremely risky for a small part of humanity to have it…There is a tendency to believe that every increase in power means “an increase of ‘progress’ itself”, an advance in “security, usefulness, welfare and vigour; …an assimilation of new values into the stream of culture”,[83] as if reality, goodness and truth automatically flow from technological and economic power as such. The fact is that “contemporary man has not been trained to use power well”,[84] because our immense technological development has not been accompanied by a development in human responsibility, values and conscience. Each age tends to have only a meagre awareness of its own limitations. It is possible that we do not grasp the gravity of the challenges now before us. “The risk is growing day by day that man will not use his power as he should”; in effect, “power is never considered in terms of the responsibility of choice which is inherent in freedom” since its “only norms are taken from alleged necessity, from either utility or security”.[85] But human beings are not completely autonomous. Our freedom fades when it is handed over to the blind forces of the unconscious, of immediate needs, of self-interest, and of violence. In this sense, we stand naked and exposed in the face of our ever-increasing power, lacking the wherewithal to control it. We have certain superficial mechanisms, but we cannot claim to have a sound ethics, a culture and spirituality genuinely capable of setting limits and teaching clear-minded self-restraint.

Answer: I. The Unabomber. II. The Pope. III. The Unabomber. IV. The Pope

Okay, maybe that was sort of obvious. To be fair to the Pope, I picked a couple of the least crazy paragraphs from the Unabomber. This was just meant as a fun, light-hearted exercise. And no, I am not suggesting the Pope is the real Unabomber.

climate change impact reports

Here are a number of reports on climate change impacts on U.S. cities:

The common thread is that extreme weather is going to be more frequent and more damaging, and we need to be ready.