Sorry it took so long. Missed your response.
While we need to mitigate climate change and will need government-driven public policy to do that, we must also adapt to the climate change that is already underway.
news.climate.columbia.edu
By now, the early message that the electricity blackout in Texas was a failure of renewable energy has been replaced by the far more complex reality of a grid not prepared for extreme weather. Texas takes pride in its free market–fueled economic environment that provides low-cost housing, cheap electricity, and plenty of personal transportation along with low taxes. The problem is that the absence of rules and governance can come back and create harm if you happen to live on a more crowded and complex planet, like the one we have here on Earth. Climate change, pandemics, traffic jams, toxic air, polluted water and poisoned land cannot be addressed by the free market alone. The market can be used to produce needed goods and services, but the idea that markets and civilization itself can survive without rules is absurd idiocy.
Texas this past week was a case in point. The electric grid in Texas is built for efficiency, but it is not built for climate resilience. As Katherine Blunt and Russell Gold reported in the Wall Street Journal:
“A fundamental flaw in the freewheeling Texas electricity market left millions powerless and freezing in the dark this week during a historic cold snap. The core problem: Power providers can reap rewards by supplying electricity to Texas customers, but they aren’t required to do it and face no penalties for failing to deliver during a lengthy emergency. That led to the fiasco that left millions of people in the nation’s second-most-populous state without power for days. A severe storm paralyzed almost every energy source, from power plants to wind turbines, because their owners hadn’t made the investments needed to produce electricity in subfreezing temperatures. While power providers collectively failed, the companies themselves didn’t break any rules.”
The quest for efficiency and low cost led to under-investment and energy facilities poorly prepared for cold weather. Texas does better in hot weather, but climate change is altering weather patterns and extreme weather events are becoming more common. While we need to mitigate climate change and will need government-driven public policy to do that, we must also adapt to the climate change that is already underway. That need to adapt also requires a more active government presence than the ideologues running Texas want to allow.