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    Home Opinion Simple lesson of Texas blackouts
    Simple lesson of Texas blackouts
    Opinion, Сolumns
    February 24, 2021

    Simple lesson of Texas blackouts

    The details of what went wrong in Texas last week — most likely the biggest forced blackout in U.S. history — will take time to establish. So will exactly what to do about it.

    But this emergency already underlines something that should’ve been obvious before. As the growing threat of extreme weather puts vital economic systems at risk, climate resilience needs to be taken much more seriously.

    With an unusual weather pattern sending temperatures plummeting and demand for energy soaring, the Texas grid was overwhelmed and officials resorted to rolling blackouts that at one point left millions without heat or clean water. At least 20 died.

    Evidently no one thing went wrong. The failure was systemic and multifaceted. The extreme cold shut down power from fossil fuel and nuclear plants when instruments and pipelines froze. As the problems cascaded through the state’s electricity grid, outages due to frozen wind turbines made a small contribution to the losses — though nowhere near as much as critics of renewable energy have claimed. The system as a whole had not been weatherized to the necessary standard.

    exas has, by design, a relatively self-contained grid. This limits its ability to draw power from elsewhere in emergencies. Its lightly regulated energy producers compete vigorously on price, which leads them to economize on maintenance and backup systems. Most of the time, the benefit to consumers is real — cheap power. But the delayed cost of those forgone investments is what consumers are now having to endure.

    Texas can’t say it had no warning. Severely cold weather caused rotating power shutdowns in 2011, and before that in 1989. Both times, outcry and investigations followed, and calls for generators and supporting infrastructure to be more thoroughly winterized were duly issued. Too little was done.

    Investing in resilience is a form of insurance. It costs money, and it’s reasonable to ask how much is enough. The cost of guarding against every conceivable climate extremity would be prohibitive, and warm states such as Texas are right to apply different standards of weather resistance than those that make sense in Alaska. But this doesn’t excuse policymakers simply turning a blind eye to infrequent yet recurring events that cause massive losses when they happen.

    The right amount of spending on resilience — the ongoing cost of climate-change insurance — will keep getting bigger year by year until the underlying threat is adequately addressed. Texas’ failures are glaring at the moment. But it’s by no means the only place that’s gambling recklessly on “It will never happen.”

    — Tribune News Service

    Tags:

    commerce cost economic system economics emergency finance meteorology outcry resilience texas weather

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