How Space Weather Could Trigger a Future Economic Crisis
bloomberg.com
bloomberg.com
Satellites in general have a very hard time discharging large amounts of current, because there simply is no ground and the possibility of a Carrington Event[1] in the modern age is simply frightening. An event of this size today could possibly knock out thousands of satellites at once -- including the entire GPS constellation.
The effects on earth could be very damaging too, what would happen we aren't quite certain. However, you could see arcs from power lines or any long distance wire as it would provide easy paths for electrons. This also could affect any computers much like an EMP blast. We could be looking at a large percentage of all electronics broken. So we might suddenly have large areas, with no power, no electronics, and no communication.
After spending lots of time learning about the science behind these storms, to me this is the stuff of nightmare fuel.
[0]: https://en.wikipedia.org/wiki/Wide_Area_Augmentation_System
Power lines go bang due to induced current, because the distortion of the Earth's magnetic field due to the storm causes the two ends to be at different potentials, which the line shorts out. But satellites are tiny, so the potential difference between the two sides of the satellite is going to be very small.
The absolute potential of a satellite can be a problem because if the satellite is too strongly charged then it can react against the surrounding plasma causing damage to the surface. But that doesn't affect the electronics, which are shielded and inside. And it's not going to cause current flow to ground because, of course, there is no ground --- satellites are as shielded as they can get.
As far as I can found out, the biggest risk is simple radiation damage to the satellite components, but that has nothing to do with current flow...
https://science.nasa.gov/science-news/science-at-nasa/2014/2...
I thought CMEs are distinctly different from EMP blasts in that CMEs don't produce a fast, high-voltage pulse [1]. Yes, computers plugged directly into the grid would risk being fried. But anything behind a circuit breaker should be fine.
[1] http://www.thepreparednesspodcast.com/the-difference-between...
Um... don't you mean "charge" instead of "current"?
> We could be looking at a large percentage of all electronics broken. So we might suddenly have large areas, with no power, no electronics, and no communication.
As a HAM radio operator, this is why I want to build a transceiver that has no semiconductors in it. If it's not connected to a large antenna, or to the AC network, or to any long wires, there's no way anything coming in from space could fry it (that would not fry me too).
Tubes are just a heck of a lot harder to screw up, except mechanically.
"Current" is moving charged particles (usually electrons). In the moment that they're being shed, the electrons charging the satellite become a current.
[0]: http://www.history.com/news/a-perfect-solar-superstorm-the-1...
Economic stagnation would probably be the least of our problems. The cascading issues from a world without power for an extended period of time are incredibly far reaching. It would most certainly be a form of chaos.
Personally I'd love to see a "World War Z" style novel about the impact of space weather.
A CME wouldn't cause a world without power. It would cause parts of the world to lose their power grids and satellites. Generators would almost certainly be hooked up to critical infrastructure and cities in rich countries.
Obviously the scale of a CME is what matters - one city is a minor disaster but a whole region or country could alter the course of a nation.
Or the summer if you live in the desert.
This is true, of course, however I am pessimistic about the ability for manufacturers to resist cutesy network/cloud/status/monitoring functions in these devices.
I am sure that somewhere, right now, there is a diesel generator acting as backup for something critical that is plugged into ethernet and queries a license server every five minutes.
Small electronics would probably not be affected by a coronal mass ejection [1]. CMEs wreak havoc with the power grid by "inducing a DC-like current" through transformers, thereby melting them [2]. Most diesel generators don't contain large transformers hooked up to miles and miles of conductive cabling.
[1] http://www.computerworld.com/article/2643093/strong-solar-st...
[2] http://www.thepreparednesspodcast.com/the-difference-between...
There could still be issues in specific areas dependent on long distance power. However, nuclear subs and aircraft carriers have been used in the past to provide power for critical infrastructure ~(40+MW a pop) and local power grids would not be impacted long term. Compared to say a war this would be a minor long term impact.
PS: The $613 billion estimate over 5 years is 0.15% of the ~390,000 billion world GDP over that same 5 years.
The questions I haven't seen answered are: how much of our capacity to manufacture power generation and transmission equipment requires a functioning power grid? I wonder if we(read FEMA) have a plan to divert the finite resources remaining after such an event to repairing the power grid?
To put this in perspective, America alone lost tens of trillions of dollars in from the peak to the trough of the whole 2008 crisis:
http://money.cnn.com/2011/06/09/news/economy/household_wealt...
They can have some pretty powerful arcs too: https://www.youtube.com/watch?v=A5YxdRfAe14
He had some great stories about contingency plans that go into how they would restart the grid post 9.0 quake in SF or LA. Such a quake is largely expected to bring down most, if not all, of California's grid.
How about decreased solar output for 70 years, like the Maunder Minimum? That would realy trigger a full scale economic crisis.
The predicted upcoming grand-minimum (which we are long overdue for) is going to be a doozy.
(IANAS - check out http://www.suspicious0bservers.org for a lot of cool solar/spaceweather info. Highly recommend the daily 5-minute spaceweather news posts on their youtube channel)
If large power transformers (LPTs) get fried, the lead time for manufacturing replacements can exceed 20 months [1]. They're so expensive that spares are not commonly bought or built.
As well, a Carrington-scale CME event could wreck enough grid infrastructure to require a black start [2] of unprecedented scale.
Our energy infrastructure has never experienced a Carrington CME. I think it could easily take a year or more to get back to the continent-wide coordinated grid we now have.
[1] https://energy.gov/sites/prod/files/Large%20Power%20Transfor...
"We can’t dodge, prevent or suppress solar flares. But we can increase funding for early-warning systems such as the Space Weather Prediction Center in Boulder, Colorado."
Oh, wait. Nevermind... I get it now.
We can't prevent a solar flare. We can prevent a lot of the damage by powering down, decoupling and/or shielding vulnerable equipment.
Coronal mass ejections exhibit "transit times from the Sun out to the mean radius of Earth's orbit of about 13 hours to 86 days (extremes), with about 3.5 days as the average" [1]. That's enough time to react.
I especially like this visualization: https://www.bloomberg.com/graphics/2015-whats-warming-the-wo...
Exhibit A: The White House's official policy on climate change does not mention the word "nuclear"
When Obama came into office, 66% of America's power was from fossil fuels. When Obama left office, 66% of America's power was from fossil fuels.