A recent article by Pierre C. Sames on Splash247 [ab056724] highlights the issue of implicit assumptions in various industries, including shipping and finance. The article points out that these assumptions often overlook important factors that can have significant consequences. For example, in the shipping industry, there is a lack of consideration given to future ice conditions when designing ice class vessels. Similarly, in finance, the Black Scholes model is commonly used, but it relies on assumptions such as market liquidity and efficiency. The article also addresses the implicit assumption that decarbonization is still possible and discusses the reliance on intermittent renewable energies like solar panels and wind turbines. It emphasizes the need for a robust long duration energy storage (LDES) network to address periods of low sun or wind. Without sufficient LDES capacity, there could be an increase in small diesel and gas-fired power plants, which would have negative environmental implications.
[ab056724] - Splash247