Press releases and announcements are compiled and issued by the BGS Press Office.
Announcing BGS's participation in GeoERA, in collaboration with more than 45 European national and regional Geological Survey Organisations from over 30 European countries. This pan-European initiative is a Horizon 2020 ERA-NET Co-Fund Action, which has just begun and will complete in 2021.
The main objective of GeoERA is to contribute to the optimal use and management of the subsurface while minimizing environmental impacts and footprint for geo-energy, raw materials and groundwater challenges. GeoERA will launch a co-funded joint call that will fund transnational research projects that will aim to support:
The daily US economic cost from solar storm-induced electricity blackouts could be in the tens of billions of dollars, with more than half the loss from indirect costs outside the blackout zone, according to a new study published 18 January 2017.
Previous studies have focused on direct economic costs within the blackout zone, failing to take account of indirect domestic and international supply chain loss from extreme space weather.
On average the direct economic cost incurred from disruption to electricity represents only 49 per cent of the total potential macroeconomic costs reports the paper published in Space Weather, a journal of the American Geophysical Union.
The paper was co-authored by researchers from the Cambridge Centre for Risk Studies at University of Cambridge Judge Business School; British Antarctic Survey; British Geological Survey and University of Cape Town.